Emad Elwany
Emad Elwany is a venture partner at AI House with expertise in scaling engineering teams. He co-founded Lexion, an AI contract-management company acquired by DocuSign, as its CTO, and previously led AI work at Microsoft and was CTO-in-residence at the incubator.
Docusign Acquires Lexion for $165M, Appoints Former Lexion Leaders to Executive Roles; Spectrum Effect Hires Shaun McCarthy as President
Docusign completed its acquisition of Seattle startup Lexion for $165 million and appointed former Lexion leaders Gaurav Oberoi, Emad Elwany, James Baird, and Jessica Nguyen to new roles. Additionally, Seattle's Spectrum Effect hired Shaun McCarthy as president and CRO, and other leadership changes include Shahar Ronen joining SoFi and Karen Clark Cole retiring as Blink's CEO.
Gaurav Oberoi’s Lexion Acquired by DocuSign for $165 Million, Marking Third Successful Exit for the Entrepreneur
Serial entrepreneur Gaurav Oberoi, co-founder of AI-based legal tech startup Lexion, will exit successfully as Lexion is acquired by DocuSign for $165 million. Oberoi, known for his customer-centric approach and expertise, has now had three startups acquired, earning strong respect in Seattle’s tech community.
Docusign to Buy Seattle Legal Tech Startup Lexion for $165 Million; Founders Join Docusign Leadership
Docusign is acquiring Seattle legal tech startup Lexion for $165 million in cash to strengthen its contract management and AI capabilities; Lexion founders and engineers will join Docusign in product and engineering roles.
DocuSign acquires Lexion (DocuSmart Inc.) for $165M to enhance Intelligent Agreement Management
DocuSign has acquired Lexion (DocuSmart Inc.), an AI-powered contract management startup founded in 2019, in an all-cash deal reportedly worth $165 million to bolster its new Intelligent Agreement Management platform. Lexion’s NLP-based system converts contract text into structured, searchable data and offers tools for contract creation across functions like sales, IT, HR and finance.
DocuSign buys AI contract-management startup Lexion for $165 million to strengthen contract AI and integrations
DocuSign is acquiring AI-powered contract workflow startup Lexion for $165 million to bolster its contract management and AI capabilities, integrating Lexion’s models and building product integrations. The deal follows Lexion’s $35.2 million in prior VC funding and comes as DocuSign explores a possible sale to private equity and recently cut about 6% of its staff.
Docusign acquires AI contract-management provider Lexion for $165M to bolster Intelligent Agreement Management
Docusign is acquiring AI-powered contract management provider Lexion for $165 million in cash to strengthen its Intelligent Agreement Management (IAM) capabilities while continuing to support and improve Lexion’s products for existing enterprise customers.
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.
Arrived Homes, Lexion, Phaidra, Shipium, and WhyLabs Named Finalists for 2023 GeekWire Startup of the Year
The finalists for Startup of the Year at the 2023 GeekWire Awards are Arrived Homes, Lexion, Phaidra, Shipium, and WhyLabs, recognized for innovation across various industries. The winner will be announced on May 18 following community voting and judge input.
Lexion Integrates OpenAI's GPT-3 in Microsoft Word Plugin to Assist Lawyers with Contract Drafting and Summaries
Seattle legal tech startup Lexion has integrated OpenAI's GPT-3 into its Microsoft Word plugin to help lawyers draft contract language, suggest edits, and summarize clauses, enhancing efficiency without fully replacing human oversight.
Emad Elwany, Lexion CTO, explains using deep learning and transformers to power AI contract management
Emad Elwany, CTO and co-founder of Lexion, explains how his AI-powered contract management startup applies deep learning and transformers to automate contract workflows, drawing on his prior Microsoft NLP and enterprise AI experience.
Khosla Ventures-led Series A Gives Lexion $11 Million; Wilson Sonsini and Madrona Join Existing Investors
Lexion, a Seattle-based AI contract-management startup spun out of the Allen Institute for AI in 2019, raised $11 million in an oversubscribed Series A led by Khosla Ventures. Previous investors Wilson Sonsini Goodrich & Rosati and Madrona Venture Group, who backed its $4.2 million 2019 seed round, participated in the round.
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.
Lexion Raises $4.2M Series Seed Led by Madrona to Apply AI/NLP for Contract Management
Lexion, an AI/NLP contract-management startup spun from AI2 technology, announced a $4.2 million Series Seed round led by Madrona to help mid-market businesses extract and track key details from complex documents.
Organizations
Education
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Stanford University Master of Science (M.Sc.), Computer Science
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Alexandria University Bachelor’s Degree, Computer and Systems Engineering
