Company Overview
About askLio
askLio is a United States-based AI procurement copilot — backed by Y Combinator (S23) with $500,000 raised from YC and Pioneer Fund in 2023 — providing large enterprises with a multi-agent AI system that integrates with Microsoft Teams and purchase-to-pay (P2P) platforms to automate employee procurement request processing, purchase order creation, supplier qualification, and approval routing, serving 500,000+ users across 100+ enterprise customers and generating $5 million in revenue by June 2024 with a 17-person team. Founded in 2023 by Lukas Heinzmann, Vladi Keil, and Till Wagner, askLio addresses the enterprise procurement bottleneck where requests that should take hours currently take weeks due to manual processing, policy lookup, and approval chain coordination.
Business Model & Competitive Advantage
askLio's multi-agent architecture processes free-text procurement requests that current P2P systems reject: when an employee sends a natural language message through Microsoft Teams ('I need 5 ergonomic chairs for the Berlin office by end of month, budget around €800 each'), askLio's agents parse the request, check against procurement policy (approved vendor list, budget approval thresholds, category-specific rules), identify qualifying suppliers with contracted pricing, draft a purchase order with pre-populated fields, route for approval based on amount and category, and notify the requestor of status — automating the 5-7 manual steps that currently require procurement staff intervention. The MS Teams integration is critical: employees make procurement requests in the same channel they use for daily communication, removing the friction of logging into a separate procurement portal that many employees avoid.
Competitive Landscape 2025–2026
In 2025, askLio competes in the enterprise procurement AI, P2P automation, and conversational procurement market with Zip (procurement management, $43M raised), Procurify (procurement software, $50M raised), and SAP Ariba (ETR: SAP, enterprise procurement suite) for enterprise procurement technology. The enterprise procurement market is undergoing AI transformation — legacy P2P systems (SAP Ariba, Coupa, Jaggaer) are powerful but complex to use, creating employee workarounds and maverick spending that erodes cost control. askLio's AI copilot layer operates above existing P2P systems (adding intelligence without requiring system replacement) rather than replacing them — a "best of both worlds" positioning that reduces implementation risk for enterprises reluctant to replace core procurement infrastructure. The $5M revenue milestone at 17 employees and 500K+ users reflects exceptional capital efficiency. The 2025 strategy focuses on growing the SAP Ariba integration depth (the dominant enterprise P2P), building the spend analytics AI for CPO-level visibility into procurement patterns, and expanding the European enterprise market.
Recent Activity
View all →Key Differentiators
Emerging Innovator
askLio is an emerging player bringing innovative solutions to the Logistics & Supply Chain market.
Large Customer Base
Serves 500K, showing strong market traction and customer satisfaction.
Frequently Asked Questions
Estimated Visibility Trend (Beta)
Simulated 8-week rolling score
Based on estimated brand signals. Historical tracking coming soon.
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