DocuSign Acquires AI Firm Lexion for $165M to Boost IAM Platform

May 6, 2024, 08:16 PM

DocuSign has announced the acquisition of Lexion, an AI-powered contract management firm, for $165 million in cash. This strategic move is aimed at enhancing DocuSign's Identity Access Management (IAM) platform by integrating advanced AI capabilities into its services. Lexion, a Seattle-based startup, had previously raised $35.2 million in funding before this acquisition.