Noxtua raises $92M for its sovereign AI tuned for the German legal system

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Back in 2020, Xayn was a privacy-based, on-device AI startup designed specifically for smartphones. But that early experience eventually saw the company pivot into developing sovereign AI for the legal sphere. Now Xayn has rebranded as Noxtua and raised a $92.2 million (roughly €81.2 million) Series B round.

The round was led by strategic investor C.H. Beck, Germany’s leading legal publisher. For context, C.H. Beck effectively owns the repository of all legal cases and judgments in Germany, giving it a unique position. The idea is that Noxtua…



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Noxtua raises $92M for its sovereign AI tuned for the German legal system


Back in 2020, Xayn was a privacy-based, on-device AI startup designed specifically for smartphones. But that early experience eventually saw the company pivot into developing sovereign AI for the legal sphere. Now Xayn has rebranded as Noxtua and raised a $92.2 million (roughly €81.2 million) Series B round.

The round was led by strategic investor C.H. Beck, Germany’s leading legal publisher. For context, C.H. Beck effectively owns the repository of all legal cases and judgments in Germany, giving it a unique position. The idea is that Noxtua…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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