In a significant development in the field of artificial intelligence, Noxtua, a startup previously known as Xayn, has raised a substantial $92.2 million (approximately €81.2 million) in Series B funding to develop sovereign AI for the legal sphere. The round was led by strategic investor C.H. Beck, Germany's leading legal publisher, which owns the repository of all legal cases and judgments in Germany.

The funding round also saw the participation of new investors, including high-performance computing specialist Northern Data Group, Germany's largest business law firm CMS, and global law firm Dentons. Existing investors, such as Global Brain, KDDI Open Innovation Fund, and Dominik Schiener, also contributed to the round. The investment will enable Noxtua to develop its AI product, dubbed Beck-Noxtua, which will have access to C.H. Beck's vast archive of legal cases and judgments.

Noxtua's AI technology is designed to research legal matters, analyze and draft legal documents, all while ensuring legal compliance for customers based in Germany. This is particularly important in Germany, where the bar for legal compliance is extremely high. The company's AI model, trained on 55 million legal documents, is capable of achieving high accuracy in legal research and document analysis.

The partnership with Northern Data Group is crucial, as it will enable Noxtua to host its AI on a cloud infrastructure contained within Germany. This is significant, given the geopolitical concerns surrounding the use of U.S.-based infrastructure for AI models in Germany. Dr. Leif-Nissen Lundbæk, CEO and Co-Founder of Noxtua, emphasized the importance of developing AI models that are trained on local data, citing the limitations of U.S.-based foundational models in capturing the nuances of legal contracts in countries like Germany and France.

Noxtua's technology has its roots in research conducted by the founders at the University of Oxford and Imperial College London, and was later developed in partnership with CMS. The company's vision of a sovereign European legal AI aligns with the values of C.H. Beck, which sees Noxtua as a cornerstone of its innovation strategy. With this significant investment, Noxtua is well-positioned to make a meaningful impact in the legal sphere, providing law firms and legal departments with a powerful tool for legal research and document analysis.

The development of sovereign AI for the legal sphere has significant implications for the industry, enabling law firms and legal departments to leverage AI-powered research and analysis to improve efficiency and accuracy. As the legal landscape continues to evolve, Noxtua's technology is poised to play a critical role in shaping the future of legal services.

In conclusion, Noxtua's $92.2 million Series B funding round marks a significant milestone in the development of sovereign AI for the legal sphere. With its strategic partnership with C.H. Beck and its focus on developing AI models trained on local data, Noxtua is well-positioned to make a meaningful impact in the industry, providing law firms and legal departments with a powerful tool for legal research and document analysis.