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Docusign to acquire Lexion for $165M in exit for Seattle-based AI contract management company

GeekWire

(GeekWire Photo / Kevin Lisota) Docusign announced an agreement to acquire Lexion for $165 million, signaling plans to integrate the Seattle-based company’s AI-powered contract management technology into its Intelligent Agreement Management Platform.

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Tech Moves: Hootsuite hires CTO; Cascadia Capital CEO moves to Austin; and more

GeekWire

-based social media management platform Hootsuite hired Antonis Papatsaras as its new chief technology officer. Papatsaras was previously chief technology officer of the contract lifecycle management product suite at Docusign.

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Tech Moves: Lexion leaders start new roles at Docusign; Spectrum Effect hires president

GeekWire

Lexion CEO and co-founder Gaurav Oberoi is now a vice president of product management at Docusign; CTO and co-founder Emad Elwany is a vice president of engineering; and co-founder James Baird is a principal engineer. Jessica Nguyen , who was chief legal officer at Lexion, is deputy general counsel for AI Innovation and Trust at Docusign.

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Prophia, which extracts info from commercial real estate contracts, raises $10.2M

GeekWire

Prophia , a startup building a platform that scours and extracts key terms from commercial real estate contracts, raised $10.2 Prophia’s users can upload PDF contracts that are analyzed by its software. The company says its software has handled more than a million pages of documents across 1,800 locations. Cameron Steele.

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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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Using Generative AI to Drive Corporate Impact

TechEmpower - Information Technology

TechEmpower has been instrumental in developing chatbots like these, utilizing generative AI to sift through internal documents and user manuals, enabling them to provide precise answers to customer service questions. This not only speeds up hiring but also lowers the costs associated with lengthy recruitment cycles.

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AI meets M&A: How these former management consultants are upending due diligence

GeekWire

Wokelo co-founders Saswat Nanda, left, and Siddhant Masson, both worked previously as management consultants. That’s the premise behind Wokelo , a Seattle-area startup co-founded by two former management consultants, Siddhant Masson and Saswat Nanda. ” Funding: The company, founded in 2022, has raised $1.5