What Lexion does

Lexion is an AI-powered contract lifecycle management (CLM) platform founded in 2019 in Seattle by Gaurav Oberoi (CEO), Emad Elwany (CTO), and James Baird, all of whom previously worked together at the Allen Institute for AI (AI2). The company centralizes and automates the contracting process for in-house legal, sales, procurement, HR, finance, IT, and corporate development teams, with explicit vertical focus on software, biotech and pharma, healthcare, and consumer goods. Its modular product surface spans Workflow (task and approval management), Intake (email-driven request submission), Repository (AI-powered centralized contract storage with automatic key-date and term extraction), No-Code Automation (approval routing and document generation), AI Contract Assist (a GPT-3/3.5 powered Microsoft Word plugin for clause drafting and redlining), Sign (e-signature), and a public API.

The platform is built on NLP and machine learning technology developed at AI2, with proprietary contract parsing and a data flywheel of over 100 million automatically extracted data points from contracts of all types. It integrates natively with Salesforce, HubSpot, Microsoft Word, Slack, Microsoft Teams, Coupa, DocuSign, and email systems, and emphasizes an email-centric intake design that allows non-legal stakeholders to submit and route contract requests without learning a new tool. Pricing is module-based SaaS subscription, billed annually in U.S. dollars with overage charges for usage beyond contracted scope; pricing is not publicly disclosed.

Lexion distributes through direct enterprise sales, inside sales for mid-market inbound leads, API/embedded channels, and — following DocuSign's $165 million acquisition in May 2024 — DocuSign's global sales and partner network. The company operated at 51–100 employees pre-acquisition and was backed by Khosla Ventures, Madrona, Point72 Ventures, Citi Ventures, and Wilson Sonsini Goodrich & Rosati across approximately $35.2 million of disclosed venture funding before the DocuSign exit.

Name

Lexion

Legal name

DocuSmart, Inc.

Website

https://lexion.ai

Company type

Private

Founded year

2019

Operating status

Acquired

Headcount range

51–100 employees

Short description

Lexion is an AI-powered contract lifecycle management platform, founded in 2019 at the Allen Institute for AI, that helps in-house legal, sales, procurement, HR, and finance teams accelerate contracting through email-driven workflows, NLP-based repository analysis, and no-code automation. Acquired by DocuSign in May 2024 for $165 million.

Ownership category

akta.pro rank

Product category

Contract Lifecycle Management (CLM)

NAICS

Software Publishers (5132)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Contract Lifecycle Management (CLM) & Document Generation/Templating (HDAEAGAL)

akta.pro secondary industries

Contract Lifecycle Management (CLM) & Document Automation (BPAEAPAD), Question Answering & Retrieval-Augmented Generation (RAG) (HDAAADAC), Generative AI & LLM Solutions Services (RAG, Agents, Copilots) (BPAEAHAG)

Keywords

• Contract lifecycle management
• AI contract management
• Contract automation software
• Legal technology platform
• Contract workflow automation

Headquarters

HQ city

Seattle

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Subscription: Subscription-based SaaS pricing model where customers pay for access to the contract management platform. Fees are based on services purchased, non-cancelable, and non-refundable during subscription terms. Supports additional user licenses and overage charges for usage beyond contracted scope.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels10 records

Core offering

Lexion is an AI-powered Contract Lifecycle Management (CLM) platform that centralizes, automates, and accelerates contract workflows for in-house legal, sales, procurement, finance, HR, and IT teams. Its modular offering combines an AI repository, no-code workflow automation, email-driven intake, GPT-powered drafting in Microsoft Word, integrated e-signature, and a public API to enable organizations to manage the full contract lifecycle without heavy implementation overhead.

Product overview

Lexion is an AI-powered contract lifecycle management (CLM) platform offering a modular architecture with core products and add-on capabilities. The core platform consists of Workflow (task management), Repository (AI-powered contract storage), Intake (request management), and No-Code Automation. Add-on modules include AI Contract Assist (GPT-powered drafting in Word), Sign (e-signature), and the Lexion API for custom integrations. The platform is built on AI technology developed at the Allen Institute for AI and integrates with Salesforce, HubSpot, Microsoft Word, Slack, DocuSign, and other enterprise tools.

Differentiator

Problem solved

Functional benefit

Products and services

• Workflow Intuitive task management system for contract workflows that enables teams to track deal progress, assign owners and followers, and route contracts for approval through an email-driven interface, designed for in-house legal, sales, procurement, and operations teams.
• Repository AI-powered centralized contract repository that automatically extracts and tracks key dates, terms, and obligations from contracts, enabling fast retrieval and comprehensive visibility across all agreements for legal and operations teams.
• No-Code Automation No-code workflow automation platform allowing users to streamline and automate contract processes including approvals, document generation, and routing without technical expertise or IT support, for legal, sales, procurement, and HR teams.
• Intake Simplified intake, triage, and collaboration module that allows stakeholders to submit contract requests and initiate tasks directly from their inbox without learning new tools, accelerating adoption across operations teams.
• AI Contract Assist GPT-powered AI assistant for Microsoft Word that helps lawyers and legal teams draft, review, and negotiate contracts faster by generating clause language and suggesting redlines directly within Microsoft Word.
• Sign

Quantifiable outcome

• Revenue tripled in 2022
• +3 more outcomes

Named customers6 records

Segments11 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability6 records

Feature4 records

Partnerships

Eight partnerships are on record, tiered core.

• SalesforcecoreTechnology or IntegrationNative integration with Salesforce CRM enabling contract status visibility within sales workflows. Lexion-Salesforce CPQ integration provides fastest path from quote to contract.
• HubSpotcoreTechnology or IntegrationIntegration with HubSpot CRM platform enabling contract management within inbound marketing and sales workflows.
• Microsoft WordcoreTechnology or IntegrationAI Contract Assist is a GPT-3 powered Word plugin that enables contract drafting and negotiation directly within Microsoft Word, Lexion's preferred document editing environment.
• SlackcoreTechnology or IntegrationSlack integration for chat-based notifications and collaboration around contract workflows, enabling team members to stay informed without switching tools.
• Microsoft TeamscoreTechnology or IntegrationMicrosoft Teams integration for collaboration and notifications within Teams workspace, supporting remote and hybrid work environments.
• DocuSigncoreTechnology or IntegrationDocuSign eSignature integration enabling seamless signature workflow within Lexion's contract management platform. Enhanced following DocuSign's acquisition of Lexion.
• Email SystemscoreTechnology or IntegrationEmail integration enabling stakeholders to submit contract requests and manage workflows via email, a key differentiator of Lexion's email-centric approach.
• OpenAIcoreTechnology or IntegrationLexion uses GPT-3 and GPT-3.5 language models from OpenAI for AI Contract Assist features including contract drafting, clause generation, and document analysis.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Ironclad: Ironclad is a leading AI-powered contract lifecycle management (CLM) platform targeting in-house legal teams with workflow automation, repository, and AI contract review — the closest direct competitor to Lexion in the modern, AI-native CLM category.
• Icertis: Icertis is an enterprise CLM platform used by global Fortune 500 companies to manage contracts across procurement, sales, and legal. It competes head-to-head with Lexion for large enterprise deals and offers comparable AI contract analytics.
• Agiloft: Agiloft is a highly configurable CLM platform serving both enterprise and mid-market customers with contract management, workflow automation, and AI-assisted review — overlapping directly with Lexion's core product capabilities.
• Evisort: Evisort is an AI-native contract intelligence and CLM platform that uses NLP to extract data, automate workflows, and surface contract insights — a near-direct competitor to Lexion's AI Contract Repository and AI Contract Assist capabilities.
• LinkSquares: LinkSquares is an AI-powered contract lifecycle management and analysis platform focused on in-house legal teams, offering contract drafting, review, repository, and reporting — directly comparable to Lexion's product suite.
• Conga: Conga provides contract management, document generation, and revenue lifecycle automation, with CLM capabilities that compete with Lexion's Repository, No-Code Automation, and AI drafting features, particularly in sales-led contracting.
• Onit: Onit offers an enterprise contract lifecycle management platform with workflow automation, AI-powered contract review, and a centralized repository, targeting legal and operational teams in a similar mid-market and enterprise segment as Lexion.
• ContractWorks: ContractWorks is a contract management platform focused on simplicity and ease of use for legal teams, providing a centralized repository and automated workflows — directly comparable to Lexion's ease-of-use-driven positioning.
• SirionLabs: SirionLabs (now Sirion) is an AI-powered CLM platform specializing in enterprise contract management, analytics, and post-signature obligation tracking — directly comparable to Lexion's repository and AI-driven contract intelligence capabilities.

Broad incumbents

• DocuSign: DocuSign is the incumbent in e-signature and agreement management and now Lexion's parent company. Its broader Intelligent Agreement Management (IAM) suite overlaps with Lexion's CLM and AI capabilities and represents the parent platform into which Lexion is integrated.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/lexionai
• YouTubeyoutube.com/channel/UCRpF3a3Swt_f5Ibd5NqUm7g
• LinkedInlinkedin.com/company/lexion-ai
• Instagraminstagram.com/lexionai
• Facebookfacebook.com/lexionai

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds3 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lexion