Lio raises $30M from Andreessen Horowitz and others to automate enterprise procurement

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March 5, 2026, 1:00 PM

• •Lio automates procurement using AI agents.
• •The company raised $30 million in Series A funding.
• •Lio aims to replace manual processes with AI-driven automation.
• •The platform operates across enterprise systems to manage various procurement tasks.
• •Lio's approach contrasts with traditional procurement software.

Lio, founded by Vladimir Keil, aims to automate the enterprise procurement process using AI agents. The company secured $30 million in Series A funding led by Andreessen Horowitz to expand its operations and enhance its AI capabilities. Lio's platform automates tasks like supplier evaluation and transaction completion, significantly reducing processing time. The startup's technology targets the inefficiencies of manual procurement processes, offering a faster and more efficient solution for enterprise customers. Lio's approach contrasts with traditional software by deploying AI agents to execute workflows instead of assisting humans.

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