Seattle-headquartered contract management vendor Lexion has raised a $20m Series B funding round led by Point72 Ventures, with participation from Citi Ventures, and existing investors Khosla Ventures, Madrona Venture Group, …
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AI Contract Management Platform Lexion Raises $20M Series B to Further Develop Its Technology
Lexion, an AI-powered contract management system for mid-market corporations that emerged out of the Allen Institute for AI, the AI research institute created by Microsoft cofounder Paul Allen, said today that it has raised $20 million in Series B funding, bringing its total amount raised to more than $35 million.
This latest funding round was led by Point72
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Lexion Raises $20 Million in Series B Round, Bringing in New Venture Capital Investors
The Wilson Sonsini-backed CLM provider noted it will leverage its newest investment to further enhance its product and AI capabilities.
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Seven Legal Players That Are Already Harnessing GPT-3.5 Technology
Not long after OpenAI rolled out its GPT-3 large language models, a handful of pioneers in the legal field dove headfirst to utilize the technology.
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Behind the Curtain: How Lexion Harnessed GPT-3.5 for Contracts
As ChatGPT enthralls legal, CLM provider Lexion has successfully incorporated the underlying technology into its offerings. Here they discuss the process and what’s to come from GPT-3.5 technology in legal work.
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As Companies Rein In Legal Spend, They Are Bullish on Leveraging Legal Tech, Survey Says
Not surprisingly given the economy, a survey of inhouse legal professionals finds that companies are slowing down or freezing hiring, reducing outside counsel spending, and conducting layoffs.
To help counter these cuts and reduce their workloads, legal departments are increasingly bullish on leveraging legal technology, the survey finds.
The survey by contract management company Lexion polled 450 inhouse legal professionals
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In-house counsel bullish on tech helping to reduce workload in downturn
In-house counsel are bullish on leveraging technology as a resource to help them reduce their workload in the face of hiring freezes, a survey of 450 legal professionals out this …
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Legal Tech Can Help in Economic Downturn—But Won't Be Spared Budgets Cuts
As businesses prepare for a potential economic downturn, Lexion’s “The Current State of Legal Tech” survey looks at the moves corporate legal professionals plan to make with tightened budgets.
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