Several tech startups — SpotDraft, Compa, Zocks, and others, have announced their venture capital funding to bolster innovation and business growth.
SpotDraft Secures $8 mn
SpotDraft raised $8 million from Qualcomm Ventures in a strategic Series B extension to advance its on-device AI contract review technology for enterprise legal teams. The funding strengthens product and AI capabilities that run core contract intelligence workflows locally on Snapdragon processors, enhancing privacy, performance, and security without relying on cloud connectivity. Co-founders Shashank Bijapur (CEO) and Madhav Bhagat (CTO) lead the company’s strategy to support enterprise legal operations across the Americas, EMEA, and India. Customers benefit from faster, privacy-first contract review with scalable on-device AI, reducing reliance on external models.
Compa Raises $35 mn
Compa announced a $35 million Series B funding round led by Jump Capital, joined by Crosslink Capital, Storm Ventures, Permanent Capital, HR Tech Investments LLC (affiliate of Indeed, Inc.), and PagsGroup to scale its AI-driven compensation intelligence platform. The technology replaces traditional compensation surveys with real-time market data and AI insights to help organizations make faster, data-informed pay decisions. Co-founder and CEO Charlie Franklin leads growth and innovation aimed at improving competitive talent strategies for enterprise clients. The investment supports broader adoption of automated compensation intelligence, enhancing decision-making speed, accuracy, and strategic workforce planning.
Zocks Raises $45 mn
Zocks, the San Francisco-based AI platform for financial advisors, secured $45 million in Series B funding, bringing its total capital to $65 million. This round was co-led by Lightspeed Venture Partners and QED Investors with participation from Illuminate Financial, Motive Partners, Expanse Venture Partners, Entrée Capital, and 14Peaks Capital. The investment fuels expansion of Zocks’ agentic AI technology to automate complex advisor workflows, integrate with CRM, planning, tax, and portfolio systems, and generate contextual insights from advisor-client interactions. The strategy focuses on enhancing enterprise AI capabilities, security, and compliance, enabling advisors to save significant time on administrative tasks and identify new business opportunities. Clients benefit from higher productivity, deeper client insights, and scalable automation across their technology stacks. Mark Gilbert — CEO & Co-Founder emphasizes AI-driven growth and personalized client service as strategic priorities.
THASNIYA VP
