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After tripling revenue in 2022, Lexion lands $20M to expand AI-powered contract management software

GeekWire

From left: Lexion CTO and co-founder Emad Elwany; CEO and co-founder Gaurav Oberoi; and Chief Legal Officer Jessica Nguyen. Lexion Photo) Lexion gained a foothold by using artificial intelligence to help legal departments manage contracts. But now it’s taking aim at a much larger vision.

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3 forces shaping the evolution of ERP

CIO Business Intelligence

An overwhelming 94% of organizations worldwide are embracing a next-generation ERP strategy that involves migrating to cloud platforms and adopting high-end analytics such as artificial intelligence to overcome the limitations of legacy applications and modernize their businesses, according to a survey of 1,675 IT executives by Boomi. .

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The new CIO mandate: Selling AI to employees

CIO Business Intelligence

That’s because employees have decidedly mixed feelings about AI coming to their workplaces, according to the recent survey by IT solutions integrator Insight , even as many enterprises are already adopting or experimenting with AI and as AI-enabled phones begin hitting the market.

Survey 135
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Vote for Startup of the Year: Arrived Homes, Lexion, Phaidra, Shipium, WhyLabs

GeekWire

Legal contracts. Create your own user feedback survey Arrived Homes The pitch: The Seattle startup uses crowdfunding to help anyone purchase shares of rental properties for as little as $100 and earn a passive income while the company handles everything from property acquisition to necessary improvements and management of daily operations.

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CIOs’ lack of success metrics dooms many AI projects

CIO Business Intelligence

In a September IDC survey , 30% of CIOs acknowledged they didn’t know what percentage of their AI POCs met target KPI metrics or were considered successful. Meanwhile, about 70% of those surveyed by IDC in September said nine of every 10 custom-built AI apps failed to clear the POC stage and go into production.

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Serial entrepreneur Gaurav Oberoi strikes again: Lexion’s sale to Docusign shows methodical approach to building startups

GeekWire

This is where the Lexion CEO paced in circles on call after call, gathering the input that he and his colleagues needed to a build a tech startup that uses artificial intelligence to scour and glean insights from complicated legal documents. “I He learned that companies were struggling to track contracts. That’s fun.”

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10 projects top of mind for IT leaders today

CIO Business Intelligence

Artificial intelligence and machine learning Unsurprisingly, AI and machine learning top the list of initiatives CIOs expect their involvement to increase in the coming year, with 80% of respondents to the State of the CIO survey saying so. Other surveys offer similar findings. 1 priority among its respondents as well.

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