LexIQ, a cutting-edge legal tech startup, is proud to announce its acceptance into the IBM Z ScaleUp Program for AI startups. This strategic collaboration marks a significant milestone in our mission to transform the legal industry by offering unparalleled data security and efficiency to in-house lawyers, law firms, and legal professionals navigating complex commercial and venture financing transactions.
As part of this collaboration, LexIQ will leverage IBM Hyper Protect Crypto Services, including the revolutionary Keep Your Own Key (KYOK) and Bring Your Own Key (BYOK) functionalities. These features enable LexIQ to implement the most robust encryption practices, ensuring that our clients retain complete and exclusive control over their encryption keys. By leveraging KYOK, LexIQ guarantees that no external party—including LexIQ itself—can access clients’ sensitive legal data, setting a new standard for trust in the legal tech space.
Enhancing Legal Tech Security with IBM’s Cutting-Edge Technology
The integration of IBM Hyper Protect Crypto Services into LexIQ’s Microsoft Azure-based architecture represents a groundbreaking fusion of technologies. This allows us to:
- Offer our clients sovereign control over their encryption keys, eliminating the risk of unauthorized access by service providers or third parties.
- Ensure end-to-end data encryption for all legal workflows, delivering an unprecedented level of data privacy and security.
- Comply with stringent regulatory requirements for data handling, meeting the highest standards in global legal practices.
The KYOK/BYOK capabilities directly align with LexIQ’s mission to empower legal professionals with tools they can trust. By removing any doubt about the privacy of sensitive contract drafting, review, and negotiation processes, we are enabling a more secure and seamless experience for our users.
A Milestone in Legal Tech Innovation
Joining the IBM Z ScaleUp Program reflects LexIQ’s commitment to redefining how legal tech startups can leverage enterprise-grade infrastructure to deliver cutting-edge solutions. This collaboration provides LexIQ with access to IBM’s advanced AI and cloud technologies, mentorship, and global network of innovation leaders. By participating in this initiative, LexIQ is well-positioned to scale its operations, enhance its generative AI- powered tools, and deepen its impact on the legal industry.
Quotes from Leadership
IBM Z ScaleUp Program leaders shared their enthusiasm for the partnership:
“We are thrilled to welcome LexIQ into the IBM Z ScaleUp Program. Their innovative approach to legal technology aligns perfectly with our vision of fostering secure, AI- powered solutions for industries that require absolute trust and reliability,” said Seenu Suvarna, Technical Lead for the IBM Z ScaleUp Program.
About the IBM Z ScaleUp Program
The IBM Z ScaleUp Program (ibm.biz/ibmzscaleup) is designed to support high-growth AI startups and scaleups in leveraging IBM’s advanced enterprise technologies. With a focus on security, scalability, and AI innovation, the program provides startups and scaleups with the tools, mentorship, and potential partnerships necessary to drive meaningful industry change. Applications are open year-round at ibm.biz/ibmzscaleup.
About LexIQ
LexIQ (lexiq.io) is a B2B SaaS legal tech startup that empowers transactional lawyers (and soon, BD and sales professionals) to draft, review, and analyze contracts with unprecedented speed and accuracy through purpose-built AI Agents. Powered by generative AI and seamlessly integrated into Microsoft Word, LexIQ provides legal professionals with an innovative solution designed to deliver unmatched precision and efficiency.