Lio raised $30 million from institutions like Andreessen Horowitz to enable enterprise procurement automation.

CoinNetwork · 2026-03-05T16:26:46+00:00

Artificial intelligence procurement automation startup Lio completes $30 million Series A funding, bringing total funding to $33 million. The funds will be used to expand the U.S. market and enhance AI agent capabilities to autonomously handle procurement processes, significantly improving efficiency.

CoinNetwork

2026-03-05 16:26:46

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AI-powered procurement automation startup Lio has completed a Series A funding round led by Andreessen Horowitz, raising $30 million. This round brings Lio’s total funding to $33 million and will be used to expand into the U.S. market and enhance its AI agents, which are designed to autonomously handle the entire enterprise procurement workflow. Co-founder and CEO Vladimir Keil stated that Lio’s platform goes beyond traditional software by deploying AI agents to perform tasks such as document review and supplier negotiations, fundamentally transforming processes that previously required manual effort. The startup claims its technology can complete work that used to take weeks in just a few minutes and has already helped clients manage billions of dollars in spending.

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