Source: Noxtua
Berlin-based Legal-Tech startup Xayn (soon to be Noxtua SE), developer of Europe’s first sovereign Legal AI Noxtua, has completed its Series B investment round of approximately € 80.7 million with C.H.Beck, Germany’s leading legal publisher, as the leading investor. Additional new investors on board include High-Performance Computing (HPC) specialist Northern Data, Germany’s largest business law firm CMS as Xayn’s long-standing partner and co-initiator of the Legal AI Noxtua, as well as global law firm Dentons. This financing round, combined with powerful strategic partners, an expanded product offering (including the Legal AI Beck-Noxtua), and the forthcoming expansion into additional markets, brings together comprehensive AI, legal, and computing expertise, further solidifying Noxtua’s position as Europe’s leading sovereign Legal AI.
Noxtua is built on specialized proprietary AI models trained with high-quality legal data. Through its partnership with C.H.Beck, the AI company leverages the publishing house’s exclusive legal data for training and further optimizing of the Noxtua Legal AI. With more than 9,000 available works, 80 specialist journals, and up to 1,000 new publications and new editions every year, the specialized publisher has by far the largest legal database in the German-speaking world with beck-online – with well over 55 million documents covering all relevant areas of law. beck-online contains, among other things, the most comprehensive collection of relevant commentary literature, which is essential for lawyers in their daily work.
The current geopolitical shifts lend additional weight to this investment in sovereign European technology – above all in AI: in addition to high-quality data, Europe needs its own AI models and an autonomous infrastructure for more digital sovereignty and in order to avoid or reduce technological dependencies. This is where the strategic investor Northern Data, based in Frankfurt am Main, brings extensive expertise in sovereign, European high-performance computing and hosting. Culturally, European values such as data protection and transparency must remain anchored in technology development. With its strategic partners C.H.Beck, CMS, and Dentons, Noxtua is doing justice to their legal expertise, thereby also securing its roots in local European markets. The strategic-political dimension is reflected in the increasing geopolitical uncertainty, which makes it necessary for Europe to gain greater control over key technologies.
“We are delighted about the successfully completed financing round and the new strong partners by our side – especially now, when Europe’s digital sovereignty is more crucial than ever. European digital sovereignty is not merely a political question, but one that must also be addressed with hard technical facts – which is why the successful Series B round is of high strategic relevance to us. With C.H.Beck, Northern Data, CMS, and Dentons as our new investors, we are bringing together a unique combination of AI, legal, and computing expertise. This enables us to expand our position as the leading sovereign Legal AI in Europe. In doing so, we are also continuing the journey we began in 2017: building powerful AI based on European values,” highlights Dr Leif-Nissen Lundbæk, CEO & Co-Founder Xayn/Noxtua.
Read the full article: https://www.noxtua.com/news/press-releases/series-b-noxtua-raises-80-million-euro
