# Lexroom

**Source:** https://www.startuphub.ai/startups/lexroom
**Profile type:** Startup

> AI-powered platform for legal professionals to draft, review, and manage contracts.

## About

Lexroom provides artificial intelligence solutions for legal professionals, law firms, and companies, accelerating growth with $50M in funding. Its core product offers research, analysis, and drafting from official, verifiable sources, with features like a private library, custom clause drafting, and instant source access to enhance legal workflows. Lexroom aims to improve operational speed and precision in legal tasks.

## Key facts

- **Slug:** lexroom
- **Website:** https://lexroom.ai
- **Location:** Tel Aviv, Israel
- **Founded:** 2021-01-01
- **Operating status:** Active
- **Total funding:** $54M
- **Sectors / tags:** LegalTech, AI-Driven Contract Management, Contract Lifecycle Management, Generative AI, Foundation Model, API Platform, Enterprise Software
- **Social:**
  - Facebook: https://www.facebook.com/p

## Frequently asked

### What does Lexroom do?

Lexroom provides artificial intelligence solutions for legal professionals, law firms, and companies, accelerating growth with $50M in funding. Its core product offers research, analysis, and drafting from official, verifiable sources, with features like a private library, custom clause drafting, and instant source access to enhance legal workflows. Lexroom aims to improve operational speed and precision in legal tasks.

### What is Lexroom's revenue?

StartupHub estimates Lexroom's annual revenue at $12.0M (range $6.6M to $23.7M, 28% confidence), based on comparable companies in the sector.

### What is Lexroom's valuation?

StartupHub estimates Lexroom's effective valuation at $196.3M (range $133.9M to $321.3M, 22% confidence), based on comparable companies in the sector.

### How much funding has Lexroom raised?

Lexroom has raised a total of $54M in funding. The most recent round on record is Series B.

### Where is Lexroom headquartered?

Lexroom is headquartered in Tel Aviv, Israel.

### When was Lexroom founded?

Lexroom was founded in 2021.

### What industry does Lexroom operate in?

Lexroom operates in LegalTech, AI-Driven Contract Management, Contract Lifecycle Management, Generative AI, Foundation Model, API Platform.

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