SpotDraft vs Notarize
Side-by-side comparison of AI visibility scores, market position, and capabilities
Raised $8M Series B extension led by Qualcomm Ventures (Jan 2026), nearly doubling valuation to ~$380M. $92M total raised. VerifAI runs on Snapdragon chips — on-device contract AI for regulated industries.
About
SpotDraft is a contract lifecycle management (CLM) platform that pioneered on-device AI contract review through its VerifAI product — an AI contract analysis tool that runs entirely on Qualcomm Snapdragon chips without sending data to cloud AI APIs. The company raised $8 million in Series B extension financing led by Qualcomm Ventures in January 2026, nearly doubling its valuation to approximately $380 million on $92 million in total funding. SpotDraft processes 1 million+ contracts annually for 700+ enterprise customers.
Notarize (now Proof) pioneered and leads the US online notarization market; raised $130M+ including a $130M Series D (2021); rebranding under parent brand Proof which unifies notarization with eSign and identity verification;
About
Notarize is an online notarization company founded in 2015 by Pat Kinsel and headquartered in Boston, Massachusetts. The company pioneered the Remote Online Notarization (RON) market in the United States, becoming the first company to conduct a legally valid online notarization under Virginia''s landmark RON legislation. Notarize''s platform connects signers with commissioned notaries via live video sessions, integrating digital identity verification, e-signature capture, and tamper-evident audit trails to produce notarized documents that are legally equivalent to in-person notarizations across all 50 states (all of which have now enacted RON legislation or accept out-of-state RON documents).
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