Funding Alert Legaltech

Qualcomm Leads $8M Series B for Spotdraft’s AI Contract Platform

• ByStartupStory     |    January 31, 2026

Spotdraft, the Bengaluru-based legal tech startup automating enterprise contract lifecycle management, has raised $8 million in a Series B round led by Qualcomm Ventures to accelerate its generative AI capabilities for global law departments.

AI Contracts Crush Manual Review Bottlenecks

Founded by IIT alumni engineers, Spotdraft’s platform replaces 80% of lawyer hours spent on drafting, negotiation, and redlining through AI-powered clause extraction, risk scoring, and auto-negotiation bots trained on 100 million+ contracts. Unlike DocuSign’s e-signature focus, Spotdraft delivers end-to-end CLM – from vendor intake to renewal alerts – serving 200+ enterprises like Unilever and Flipkart with 90% faster playbook compliance.

Series B Fuels US Expansion and Multimodal AI

Qualcomm’s strategic investment accelerates North American go-to-market, enterprise sales team doubling, and agentic AI upgrades enabling voice-activated amendments and cross-jurisdiction harmonization. The capital targets the $20 billion CLM market where General Counsels demand sub-24-hour turnaround on 10,000 monthly contracts.

Spotdraft proves AI automates legal’s final frontier. $8 million unlocks the platform powering 1 million contracts annually, turning lawyer drudgery into strategic advisory from Bengaluru’s code to Fortune 500 boardrooms.

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