Berlin \u2014 NEON has advi\u00adsed Berlin-based Xayn AG on its \u20ac80.7 million Series B finan\u00adcing round. The round was led by legal publisher C.H. Beck as lead inves\u00adtor and future stra\u00adte\u00adgic part\u00adner of Noxtua. The compu\u00adting specia\u00adlist Nort\u00adhern Data and the law firms CMS \u2014 a long-stan\u00adding part\u00adner of Xayn \u2014 and Dentons also parti\u00adci\u00adpa\u00adted. With this bund\u00adling of AI, legal and compu\u00adting exper\u00adtise, this is also a stra\u00adte\u00adgic invest\u00adment in sove\u00adreign Euro\u00adpean AI. <\/p>\n
Noxtua is Euro\u00adpe\u2019s leading sove\u00adreign legal AI to support specia\u00adli\u00adzed legal work. The appli\u00adca\u00adtion, which is based on its own self-trai\u00adned legal language models, offers legal profes\u00adsio\u00adnals a data protec\u00adtion-compli\u00adant solu\u00adtion for rese\u00adar\u00adching, analy\u00adzing, crea\u00adting and revi\u00adsing legal docu\u00adments \u2014 always in accordance with the highest profes\u00adsio\u00adnal and crimi\u00adnal law requi\u00adre\u00adments (\u00a7 203 StGB, \u00a7 43e BRAO). <\/p>\n
Noxtua is based on special, proprie\u00adtary AI models that have been trai\u00adned with high-quality legal data. Through the part\u00adner\u00adship with C.H.Beck, the AI company uses the publisher\u2019s exclu\u00adsive legal data for the trai\u00adning and further opti\u00admiza\u00adtion of Noxtua Legal AI. With more than 9,000 available works, 80 specia\u00adlist jour\u00adnals and up to 1,000 new publi\u00adca\u00adti\u00adons and new editi\u00adons per year, the specia\u00adlist publisher has by far the largest legal data\u00adbase in the German-spea\u00adking world with beck-online \u2014 with well over 55 million docu\u00adments on all rele\u00advant areas of law. beck-online conta\u00adins, among other things, the most compre\u00adhen\u00adsive coll\u00adec\u00adtion of rele\u00advant commen\u00adtary lite\u00adra\u00adture, which is indis\u00adpensable for lawy\u00aders in their daily work. <\/p>\n
At the same time as the comple\u00adted Series B, the AI start-up, which emer\u00adged from rese\u00adarch at Oxford Univer\u00adsity and Impe\u00adrial College London, is offi\u00adci\u00adally chan\u00adging its name from Xayn AG to Noxtua SE. With the new legal form and addi\u00adtio\u00adnal company head\u00adquar\u00adters in other Euro\u00adpean count\u00adries, the AI company is expan\u00adding into new Euro\u00adpean markets. Noxtua is thus estab\u00adli\u00adshing itself as a truly Euro\u00adpean AI company with the aim of promo\u00adting Euro\u00adpean sovereignty. <\/p>\n
The previous inves\u00adtors Global Brain Corpo\u00adra\u00adtion, KDDI Open Inno\u00adva\u00adtion Fund, CMS<\/strong> and Domi\u00adnik Schie\u00adner will remain inves\u00adted in the start-up<\/strong>. The latter, toge\u00adther with C.H.Beck, is taking over the shares of the previous inves\u00adtor Early\u00adbird VC, which is in line with the new stra\u00adte\u00adgic direc\u00adtion of the AI startup. <\/p>\n Toge\u00adther with C.H. Beck, Noxtua will be further deve\u00adlo\u00adped as part of the new Beck-Noxtua product \u2014 a Lega\u00adlAI workspace that combi\u00adnes the legal content of market leader C.H. Beck with the tech\u00adni\u00adcal capa\u00adbi\u00adli\u00adties of Noxtua. \u2014 As part of a stra\u00adte\u00adgic repo\u00adsi\u00adtio\u00adning, the company will in future operate under the name of its AI appli\u00adca\u00adtion Noxtua. <\/p>\n https:\/\/www.noxtua.com\/<\/p>\n Consul\u00adtants involved: Team NEON:<\/strong> https:\/\/neon.law\/<\/p>\n","protected":false},"excerpt":{"rendered":" Berlin \u2014 NEON has advi\u00adsed Berlin-based Xayn AG on its \u20ac80.7 million Series B finan\u00adcing round. The round was led by legal publisher C.H. Beck as lead inves\u00adtor and future stra\u00adte\u00adgic part\u00adner of Noxtua. The compu\u00adting specia\u00adlist Nort\u00adhern Data and the law firms CMS \u2014 a long-stan\u00ad\u00adding part\u00adner of Xayn \u2014 and Dentons also participated. [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":56065,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[1366],"tags":[],"class_list":["post-56068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"yoast_head":"\n
\n<\/strong>
\n+ Nort\u00adhern Data<\/strong> (Jens-Phil\u00adipp Briemle | Mareile M\u00fcller-Felsch | Dr. Stephan Aubel)
\n+ Domi\u00adnik Schiener<\/strong>
\n+ CMS<\/strong> (Dr. Markus Kaulartz)
\n+ Beck<\/strong> (Dr. Roland L. Klaes | Dr. Dr. Oliver Hofmann)
\n+ Dentons<\/strong> (Julien Henri Lasala | Dr. Jean\u00adnette Meyer)
\n+ Diss\u00adman Orth<\/strong> (Dr. Tobias Beuchert | Dr. Chris\u00adtian Brehm)
\n+ SZA<\/strong> (Dr. Simon Apel | Dr. Jona\u00adthan Drescher)<\/p>\n
\n+ Bastian Rein\u00adschmidt (Photo \u00a9 NEON)<\/strong>
\n+ Dr. Iur. L\u00e1szl\u00f3 Moln\u00e1r
\n+ Rouven Kolodziej
\n+ Dr. Justus Gaden
\n+ Lisa-Marie Schuchardt
\n+ Dr. Sebas\u00adtian Krieg <\/p>\n