Source: Legal IT Insider
By Caroline Hill
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, and US law firm Wilson Sonsini. This latest investment brings the total amount raised to more than $35m.
Originally developed at the Paul Allen Institute for Artificial Intelligence as a contract management system for lawyers, Lexion’s artificial intelligence and automation capabilities have accelerated legal work and streamlined processes across multiple disciplines, including sales, procurement, finance, and technology.
Full article: https://legaltechnology.com/2023/04/19/contract-management-lexion-raises-20m-series-b/
