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

Here’s a structured overview of the information related to Noxtua and its recent funding round:
Company Information
- Startup: Noxtua (formerly Xayn)
- Website: xayn.com
Founders
- Dr. Leif-Nissen Lundbæk (CEO and co-founder)
Recent Fundraise
- Funding Amount: $92.2 million (approximately €81.2 million)
- Funding Series: Series B
- Date of Fundraise: 2023 (exact date not specified)
Investors
-
Lead Investor:
- C.H. Beck (Germany’s leading legal publisher)
-
New Investors:
- Northern Data Group (high-performance computing specialist)
- CMS (Germany’s largest business law firm)
- Dentons (global law firm)
- Previous/Existing Investors:
- Global Brain
- KDDI Open Innovation Fund
- Dominik Schiener
Product Information
- Product Name: Beck-Noxtua
- Focus: Sovereign AI for the legal sphere (researching legal matters and drafting legal documents)
Additional Notes
- Technology developed from research at the University of Oxford and Imperial College London, and refined in collaboration with CMS.
- Noxtua’s AI complies with high legal standards in Germany and is built to run on Northern Data’s German cloud infrastructure.
This overview encapsulates the key details regarding Noxtua’s funding, investors, founders, and product focus as presented in the provided text.
Source link
2025-04-23 05:00:00
Leave a Reply
You must be logged in to post a comment.