Lexion

Lexion is an AI-powered contract lifecycle management (CLM) platform based in Seattle, Washington, founded in 2018. The company focuses on streamlining legal operations and accelerating contracting processes for various teams, including sales, procurement, legal, HR, and IT. In May 2024, Lexion was acquired by DocuSign, enhancing its capabilities in contract management. Lexion offers several key features, including an AI-powered contract repository that automatically extracts and organizes critical data from contracts. It also provides no-code workflow automation, allowing teams to create custom approval workflows and manage renewals easily. Additionally, Lexion integrates with email systems for centralized contract requests and status updates, supporting compliance tracking and risk mitigation across departments. The company's technology is built on proprietary AI models developed through extensive research, and it has been recognized in various industry lists for its innovative solutions. Lexion's tools are designed to help organizations manage contracts efficiently, reduce risk, and improve operational speed.