Lexi is an NLP tool that employs named entity recognition (NER) inference and clustering to extract structured information from large volumes of unstructured text data quickly. NER categorizes named entities such as person names and locations while clustering groups objects based on similarities. Lexi's advanced clustering features enable businesses and researchers to analyze and process text data efficiently for use in various downstream NLP tasks. Additionally, the tool is ideal for applications such as market segmentation and image segmentation.