Lexion



Lexion is an AI-powered contract management system with a unique pedigree, having emerged out of the Allen Institute for AI, the AI research institute created by Microsoft cofounder Paul Allen, and having received backing from investors such as Khosla Ventures, a Silicon Valley…

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…

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…

Last year, I wrote here about 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.

At the time, the company had just raised $11 million in a Series A round, and discussed plans to…

Positioning itself as offering a simpler and more affordable AI-driven contract management system for mid-market corporate enterprises, startup Lexion has raised $11 million in an oversubscribed Series A round. When combined with its seed round of $4.2 million, total funding for the company is now $15.2 million.

The Seattle-based company says its product is…

For the first time last year, annual investment in legal technology companies reached $1 billion. This year, legal tech investments have already surpassed that, totaling at least $1.2 billion to date — a record for annual investment in legal technology, and with three months still to go before year end.

I surveyed investments in…

Here’s a roundup of recent news from the world of legal technology.

Search nonprofits’ tax records. The nonprofit news organization ProPublica has launched a new feature allowing free, full-text search of nearly 3 million tax filings sent by nonprofits to the IRS since 2011. The new feature is an enhancement to ProPublica’s Nonprofit…