Overview
- The extension values the Bengaluru- and New York-based startup at roughly $380 million and lifts total funding to $92 million.
- SpotDraft demonstrated VerifAI running fully offline on Snapdragon X Elite laptops, keeping documents local during review, risk scoring, and redlining.
- Internet access remains required only for login, licensing, and collaboration features, with core contract analysis executed on the device inside Microsoft Word.
- The on-device workflow is in limited release, with broader availability expected as compatible AI PC hardware becomes more widespread and the company expands across the Americas, EMEA, and India.
- SpotDraft reports more than 700 customers processing over one million contracts annually, 173% year-over-year growth in contract volumes, and nearly 50,000 monthly active users.