Lexion
by DocuSign (Previous known as Lexion)
Acquired by DocuSign on May 06, 2024
Lexion uses sophisticated natural language processing technologies to make it easier for legal teams to find what’s in their contracts and automatically stay organized. Lexion’s email-centric approach and legacy contract onboarding streamline implementation and improve adoption.
Lexion was built at Microsoft co-founder Paul Allen’s artificial intelligence research institute (AI2) . It is backed by the same investors that funded OpenAI (Khosla Ventures), helped launch Amazon (Madrona Venture Group), and have advised Google (Wilson Sonsini).
With a top notch and experienced team from Microsoft, Facebook, Google, and Amazon, CB Insights ranked Lexion the #1 most promising AI legal tech startup in the world two years in a row (2020, 2021).
Funding Information:
DocuSign acquired Lexion for $165M in May 2024. Lexion has raised a total of $35.2M in funding over 3 rounds. Their latest funding was $20M raised in April 2023 from a Series B round from Citi Ventures, Khosla Ventures, Madrona, Point72 Ventures, and Wilson Sonsini Goodrich & Rosati.