Germany-based legal technology startup Noxtua SE said today it has closed on an €80.7 million ($91.6 million) round of funding after undergoing a company rebranding.
The corporate, which was previously referred to as Xayn SE, said today’s round was led by Verlag C. H. BECK oHG, the No. 1 publisher of legal books in Germany. It was joined by a bunch of strategic backers, including Northern Data AG, a provider of cloud-based computing infrastructure, and CMS LTF Limited, one in all Europe’s leading business law practices. The worldwide law firm Dentons Corp. joined the round as a brand new investor, and existing backers Global Brain Corp. and KDDI Open Innovation Fund also participated.
Noxtua said the funds will enable it to bring its upcoming integrated Legal AI workspace, called Beck-Noxtua, into general availability later this 12 months, and it’s inviting interested customers to enroll to a waitlist from today.
Beck-Noxtua is a man-made intelligence platform for law firms that has been trained on massive volumes of legal data from C.H. Beck. It provides access to 2 specialized large language models for legal practitioners, including the Noxtua Legal Large Language Model and Noxtua Voyage Embed.
The startup, which began life as a joint project on the University of Oxford and Imperial College London, says the Beck-Noxtua platform will transform legal work, helping lawyers and other experts of their research and evaluation and in drafting legal documents in a way that’s fully compliant.
The Noxtua Legal LLM was trained on C.H. Beck’s “beck-online” dataset, which incorporates greater than 55 million documents covering almost every aspect of European law. It encompasses one in all the world’s most comprehensive collections of commentary literature, which Noxtua says is crucial for lawyers of their day-to-day work.
With a capability of as much as 256,000 tokens and greater than 11 billion parameters, Noxtua Legal LLM is designed to parse and analyze lengthy legal documents, summarize them and surface insights. It could actually also draw up complex legal texts entirely from scratch, and the corporate says it’s compliant with Europe’s General Data Protection Regulation.
Meanwhile, Noxtua Voyage Embed is a fine-tuned legal search embedding model that makes a speciality of European and German law, and it’s primarily designed to assist lawyers find relevant texts and seek for precedents in legal cases.
One thing that stands out from Noxtua’s funding round is the unusually strategic nature of its primary backers. Though C.H. Beck is the first supplier of legal data for training its models, Northern Data will ensure they play nicely with Europe’s strict data sovereignty laws.
In response to Noxtua co-founder and Chief Executive Leif-Nissen Lundbæk (pictured, second from right), European digital sovereignty just isn’t merely a political query, but one which “must even be addressed with hard technical facts.”
That’s because Europe has established one in all the world’s most regulated data security regimes, and requires that European corporations host their models and store their information inside the European Union. Northern Data, with data centers in Frankfurt and other European countries, is due to this fact the best infrastructure partner for Noxtua.
As for CMS and Dentons, they’ll be contributing their comprehensive juristic know-how and legal research expertise, and can help Noxtua to develop additional products specialized within the laws of Germany and other European nations. “We’re bringing together a novel combination of AI, legal, and computing expertise,” Lundbæk added.
Noxtua said it’ll follow up its rebrand by establishing latest offices in other European countries besides Germany, as a part of its mission to grow to be Europe’s top legal AI company.
Photo: Noxtua
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