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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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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.

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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. Long-time Uber CTO Thuan Pham stepped down earlier this year shortly before the company cut 25% of its global workforce. tech giant also recently hired Hanno Basse , the former 20th Century Fox Film CTO, as Microsoft Azure CTO for media and entertainment.

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Madrona Venture Labs raises $11M for fifth fund as studio doubles down on AI startups

GeekWire

(Madrona Venture Labs Photo) Madrona Venture Labs (MVL) announced Wednesday it raised $11 million for its fifth fund, providing fresh fuel for the Seattle startup studio as it continues to double down on developing artificial intelligence startups. Since it was launched, the fund has raised $40 million and backed 32 companies. .”

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AI2 spinout BirchAI lands $3.1M for healthcare customer support platform

GeekWire

A new spinout from the Allen Institute for Artificial Intelligence, BirchAI , has landed $3.1 BirchAI aims to cover “those expensive calls where you have people spending a lot of time after the call documenting what they just did,” said CEO Kevin Terrell , in an interview with GeekWire. BirchAI Photo). BirchAI Photo). “It

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CIOs grapple with the ethics of implementing AI

CIO Business Intelligence

Christoph Wollersheim, a member of the services and artificial intelligence practices group at global consulting firm Egon Zehnder, pinpoints five critical areas most organizations need to address when implementing AI: accuracy, bias, security, transparency, and societal responsibility.

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Zulily co-founders Darrell Cavens and Mark Vadon invest in ID verification tech startup Vouched

GeekWire

” Vouched uses artificial intelligence to help more than 150 companies across a bevy of industries verify the identity of their customers, clients and contractors. Its software analyzes images of photo identity documents including passports and driver’s licenses. It also examines text such as addresses.

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