Noxtua Secures €80.7 Million to Revolutionize Legal AI Landscape
Berlin, Germany – Noxtua, Europe’s first sovereign legal AI, has successfully raised €80.7 million in funding to advance its mission of transforming the legal sector through innovative artificial intelligence solutions. This substantial investment underscores the growing confidence in AI’s potential to enhance legal practices across Europe.
Developed by Berlin-based AI startup Xayn in collaboration with CMS, Germany’s leading business law firm, Noxtua leverages a proprietary Legal Large Language Model tailored specifically for legal texts. This specialized model enables legal professionals to analyze, review, summarize, and translate legal documents with unprecedented efficiency and accuracy. (xayn.com)
The funding round attracted significant interest from prominent investors, including Global Brain Corporation, KDDI Open Innovation Fund, Earlybird, and Dominik Schiener. These investors recognize Noxtua’s potential to address critical challenges in the legal industry, such as the need for secure, efficient, and legally compliant AI solutions. (xayn.com)
In addition to the financial backing, Noxtua has formed strategic alliances with various large companies, law firms, and auditing firms. These partnerships aim to further develop practical applications for everyday legal work, ensuring that Noxtua evolves in line with the dynamic needs of the legal sector. (xayn.com)
Law firms and corporations interested in harnessing the benefits of generative AI in a legally compliant manner are encouraged to join the waiting list for Noxtua. This initiative represents a significant leap forward in integrating AI into legal practices, promising to revolutionize the way legal professionals operate and deliver services. (xayn.com)
As Noxtua continues to expand its capabilities, it is poised to set new standards in the legal AI landscape, offering a secure and efficient alternative to existing solutions and paving the way for a more innovative and effective legal industry in Europe.
(xayn.com)
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