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Docusign to acquire Lexion for $165M in exit for Seattle-based AI contract management company
DOCUDocuSign(DOCU) GeekWire·2024-05-07 05:08

Gaurav Oberoi, Lexion CEO.Docusign announced an agreement to acquire Lexion for 165million,signalingplanstointegratetheSeattle−basedcompany’sAI−poweredcontractmanagementtechnologyintoitsIntelligentAgreementManagementPlatform.ThedeallookstobeasuccessfulexitforLexion,whichgotitsstartin2018afterco−foundersGauravOberoi(CEO),EmadElwany(CTO),andJamesBaird(principalarchitect)metattheAllenInstituteforAIinSeattle.Lexionraisedabout165 million, signaling plans to integrate the Seattle-based company’s AI-powered contract management technology into its Intelligent Agreement Management Platform. The deal looks to be a successful exit for Lexion, which got its start in 2018 after co-founders Gaurav Oberoi (CEO), Emad Elwany (CTO), and James Baird (principal architect) met at the Allen Institute for AI in Seattle. Lexion raised about 36 million since its foun ...