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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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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

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Tech Moves: Lighter Capital names new CEO; Amazon exec joins Uber as CTO; and more

GeekWire

The company now has 25 employees and plans to hire. “One silver lining of COVID is that companies, including Lighter, have realized that geography and working together in an office every day isn’t necessary to serve our customers,” Widner said. based Behavox as its first chief product officer.

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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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