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Arm says it’s losing $50M a year in revenue from Qualcomm’s Snapdragon X Elite SoCs

ArstechnicaArstechnica · 1y ago
Arm says it’s losing $50M a year in revenue from Qualcomm’s Snapdragon X Elite SoCs
Medial

Arm and Qualcomm are currently engaged in a legal dispute over Qualcomm's acquisition of chip design firm Nuvia, which Arm claims violates its licensing agreements. This week, executives from both companies testified in court, with Arm CEO Rene Haas stating that the Nuvia acquisition is costing Arm approximately $50 million per year. Qualcomm argues that Arm is attempting to hinder its entry into the PC market, while minimizing Arm's contributions to its chip designs. A jury verdict is expected soon, which could halt sales of Snapdragon chips with Nuvia technology. Arm also canceled Qualcomm's architecture license, potentially banning it from selling Arm-based chips. The disputed revenue of $50 million seems relatively minor considering the companies' overall revenues.

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Legal-tech startup SpotDraft raises $8 Mn in Series B extension

EntrackrEntrackr · 4d ago
Legal-tech startup SpotDraft raises $8 Mn in Series B extension
Medial

Legal-tech startup SpotDraft has raised $8 million from Qualcomm Ventures as part of a Series B extension. The funding comes nearly a year after the company raised $54 million in its Series B round in February 2025. Earlier in March 2023, the firm secured $26 million in its Series A funding round. The proceeds will be used to strengthen product and AI capabilities and expand enterprise adoption across the Americas, EMEA, and India. Founded by Shashank Bijapur and Madhav Bhagat, SpotDraft offers an AI-powered contract lifecycle management (CLM) platform focused on privacy-first enterprise use cases. Its AI tools are designed to keep sensitive legal data on-device rather than sending documents to external cloud models. The company reports 100% year-on-year growth in customers, with contract volumes up 173% year-on-year. It currently serves nearly 50,000 monthly active users, processing over one million contracts annually. SpotDraft recently demonstrated its on-device contract review capabilities at Qualcomm’s Snapdragon Summit 2025, where its AI models ran locally on Snapdragon X Elite laptops without cloud connectivity. SpotDraft competes with other legaltech startups like Legistify, Leegality, Sirion, Vakilsearch, and others. Its customers include Apollo.io, Panasonic, Zeplin, and Whatfix. In FY25, SpotDraft’s revenue grew to Rs 121.02 crore from Rs 59.58 crore in FY24, while losses widened to Rs 121.43 crore from Rs 68.36 crore over the same period.

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