Legal AI provider XAYN/ Noxtua: €80.7 million with C.H. BECK in the lead

Berlin — NEON has advi­sed Berlin-based Xayn AG on its €80.7 million Series B finan­cing round
. The round was led by legal publisher C.H. Beck as lead inves­tor and future stra­te­gic part­ner of Noxtua. The compu­ting specia­list Nort­hern Data and the law firms CMS — a long-stan­­ding part­ner of Xayn — and Dentons also parti­ci­pa­ted. With this bund­ling of AI, legal and compu­ting exper­tise, this is also a stra­te­gic invest­ment in sove­reign Euro­pean AI. 

Noxtua is Euro­pe’s leading sove­reign legal AI to support specia­li­zed legal work. The appli­ca­tion, which is based on its own self-trai­­ned legal language models, offers legal profes­sio­nals a data protec­­tion-compli­­ant solu­tion for rese­ar­ching, analy­zing, crea­ting and revi­sing legal docu­ments — always in accordance with the highest profes­sio­nal and crimi­nal law requi­re­ments (§ 203 StGB, § 43e BRAO). 

Noxtua is based on special, proprie­tary AI models that have been trai­ned with high-quality legal data. Through the part­ner­ship with C.H.Beck, the AI company uses the publisher’s exclu­sive legal data for the trai­ning and further opti­miza­tion of Noxtua Legal AI. With more than 9,000 available works, 80 specia­list jour­nals and up to 1,000 new publi­ca­ti­ons and new editi­ons per year, the specia­list publisher has by far the largest legal data­base in the German-spea­king world with beck-online — with well over 55 million docu­ments on all rele­vant areas of law. beck-online conta­ins, among other things, the most compre­hen­sive coll­ec­tion of rele­vant commen­tary lite­ra­ture, which is indis­pensable for lawy­ers in their daily work. 

At the same time as the comple­ted Series B, the AI start-up, which emer­ged from rese­arch at Oxford Univer­sity and Impe­rial College London, is offi­ci­ally chan­ging its name from Xayn AG to Noxtua SE. With the new legal form and addi­tio­nal company head­quar­ters in other Euro­pean count­ries, the AI company is expan­ding into new Euro­pean markets. Noxtua is thus estab­li­shing itself as a truly Euro­pean AI company with the aim of promo­ting Euro­pean sovereignty. 

The previous inves­tors Global Brain Corpo­ra­tion, KDDI Open Inno­va­tion Fund, CMS and Domi­nik Schie­ner will remain inves­ted in the start-up. The latter, toge­ther with C.H.Beck, is taking over the shares of the previous inves­tor Early­bird VC, which is in line with the new stra­te­gic direc­tion of the AI startup. 

Toge­ther with C.H. Beck, Noxtua will be further deve­lo­ped as part of the new Beck-Noxtua product — a Lega­lAI workspace that combi­nes the legal content of market leader C.H. Beck with the tech­ni­cal capa­bi­li­ties of Noxtua. — As part of a stra­te­gic repo­si­tio­ning, the company will in future operate under the name of its AI appli­ca­tion Noxtua. 

https://www.noxtua.com/

Consul­tants involved:

+ Nort­hern Data (Jens-Phil­ipp Briemle | Mareile Müller-Felsch | Dr. Stephan Aubel)
+ Domi­nik Schiener
+ CMS (Dr. Markus Kaulartz)
+ Beck (Dr. Roland L. Klaes | Dr. Dr. Oliver Hofmann)
+ Dentons (Julien Henri Lasala | Dr. Jean­nette Meyer)
+ Diss­man Orth (Dr. Tobias Beuchert | Dr. Chris­tian Brehm)
+ SZA (Dr. Simon Apel | Dr. Jona­than Drescher)

Team NEON:
+ Bastian Reinschmidt
+ Dr. Iur. László Molnár
+ Rouven Kolodziej
+ Dr. Justus Gaden
+ Lisa-Marie Schuchardt
+ Dr. Sebas­tian Krieg 

https://neon.law/