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Seattle AI Startup Lexion Raises $20M to Expand Contract Management Software after Tripling 2022 Revenue
Seattle startup Lexion raised $20 million in a Series B round led by Point72 Ventures to expand its AI-powered contract management software, following a revenue tripling in 2022. Founded in 2018, Lexion aims to extend its AI solutions beyond legal teams to other departments such as sales and finance.
Khosla Ventures leads $11M Series A for Seattle AI contract startup Lexion as revenue quadruples
Seattle startup Lexion, which uses AI to parse contracts and create searchable repositories, has quadrupled revenue and added 50 customers in four months. The 30-person company raised an $11 million Series A led by Khosla Ventures to expand from reporting into workflow features and accelerate growth.
AI2 spinout Lexion launches Slack chatbot to instantly locate legal contracts; raised $4.2M seed
Lexion, an AI2 spinout in Seattle, launched a Slack chatbot that instantly finds legal contracts based on team viewing permissions, aiming to save in-house legal teams hours—CEO Gaurav Oberoi said it's especially useful for remote work. The company raised a $4.2M seed round last year and was named to CB Insights' list of 100 promising AI startups.