Investment in Europe's Sovereign Legal AI
Germany's leading legal publisher C.H.Beck, along with AI and High-Performance Computing solutions company Northern Data, business law firm CMS, and international law firm Dentons, have made a strategic investment of approximately € 80.7 million in Europe's leading sovereign Legal AI - Noxtua. This funding will support the further development of Noxtua and its expansion into additional markets.
Partnership and Financing
Founded in Berlin, Xayn, soon to be known as Noxtua SE, has successfully completed its Series B investment round with C.H.Beck as the leading investor. This round also saw additional new investors such as High-Performance Computing specialist Northern Data, CMS, and Dentons coming on board. Noxtua's collaboration with these key partners, combined with the development of the integrated Legal AI workspace "Beck-Noxtua" with C.H.Beck's exclusive data, solidifies its position as Europe's top sovereign Legal AI.
Legal AI Expertise
Noxtua's Legal AI is built on specialized proprietary AI models trained with high-quality legal data, including C.H.Beck's extensive legal database. This collaboration enables legal experts to conduct research, analyze, and draft legal documents effectively and legally compliant. Noxtua's adherence to high professional and data protection requirements makes it a valuable tool for legal professionals.
European Digital Sovereignty
The investment in Noxtua is significant amidst the current geopolitical shifts, emphasizing the importance of European digital sovereignty, especially in AI technologies. With strategic partners like C.H.Beck, CMS, Dentons, and Northern Data, Noxtua is well-positioned to meet the market demands while upholding European values such as data protection and transparency.
Future Growth and Innovation
The successful completion of the financing round and the partnership with key investors mark a milestone in Noxtua's journey towards being the leading sovereign Legal AI in Europe. The collaboration between Noxtua and C.H.Beck signifies a fusion of legal specialist information with cutting-edge technology, creating innovative solutions for the legal industry.
Law firms and legal departments can now register for the Beck-Noxtua waitlist on their website. With a strong focus on European values and digital sovereignty, Noxtua continues to drive innovation in the legal AI landscape.
