Lio
AI-powered multi-agent procurement platform that automates vendor research, negotiations, approvals, and order tracking for enterprises. Lio deploys specialized AI agents for each stage of the procurement lifecycle, from sourcing and RFP generation to contract negotiation and spend analytics, helping large organizations reduce procurement costs and cycle times by up to 80 percent.
Overview
Lio builds an AI-powered multi-agent system that automates enterprise procurement end-to-end, with specialized agents handling supplier onboarding, RFQ processing, contract negotiation, invoice management, and procurement intelligence. The platform integrates with SAP, Oracle, and Microsoft Dynamics, serving 100+ enterprise clients and 500,000+ users. A Y Combinator alum, Lio reports 85% reduction in manual operational work and 10% additional cost savings through automated negotiations.
Funding History
Lio raises $30M from Andreessen Horowitz and others to automate enterprise procurement
Frequently Asked Questions
- How much has Lio raised in total?
- Lio has raised a total of $30M across 1 funding round.
- Who are Lio's investors?
- Lio's investors include Undisclosed.
- What does Lio do?
- Lio builds an AI-powered multi-agent system that automates enterprise procurement end-to-end, with specialized agents handling supplier onboarding, RFQ processing, contract negotiation, invoice management, and procurement intelligence. The platform integrates with SAP, Oracle, and Microsoft Dynamics, serving 100+ enterprise clients and 500,000+ users. A Y Combinator alum, Lio reports 85% reduction in manual operational work and 10% additional cost savings through automated negotiations.
- Where is Lio headquartered?
- Lio is headquartered in New York, NY.
Investors
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