# Lio **Source:** https://geo.sig.ai/brands/lio **Vertical:** Enterprise Software **Subcategory:** AI Procurement Automation **Tier:** Emerging **Website:** lio.ai **Last Updated:** 2026-04-14 ## Summary Agentic AI platform for enterprise procurement (formerly askLio); raised $33M including $30M Series A from a16z in Mar 2026; YC alum; Fortune 500 clients; AI agents automate supplier discovery, RFQ management, and purchase order execution end-to-end. ## Company Overview Lio (formerly askLio) is an agentic AI platform founded in 2023 to automate enterprise procurement workflows. A Y Combinator alumnus, the company was built on the insight that procurement — spanning supplier discovery, RFQ management, contract negotiation, and purchase order execution — is one of the most document-heavy, repetitive, and underautomated functions in large organizations. Lio's AI agents handle end-to-end procurement tasks that previously required large teams of specialists.\n\nThe Lio platform deploys autonomous agents that can navigate supplier portals, parse contracts, generate RFQs, compare bids, and flag compliance issues without human intervention at each step. It integrates with existing ERP and procurement systems, making it deployable without replacing core infrastructure. Target customers are Fortune 500 procurement and supply chain teams looking to reduce cycle times and headcount dependency while maintaining compliance and auditability.\n\nLio raised $33M including a $30M Series A led by Andreessen Horowitz in March 2026 — one of the largest early-stage procurement AI rounds to date. The a16z backing and Fortune 500 client traction validate Lio's position at the intersection of two powerful trends: agentic AI maturing beyond chatbots into autonomous workflow execution, and enterprise procurement digitization accelerating as supply chain resilience becomes a board-level priority. ## Frequently Asked Questions ### What does Lio do? Virtual agentic procurement department handling supplier analysis, negotiation, vendor onboarding, and purchasing end-to-end. ### How much has Lio raised? $33M total, $30M Series A from a16z (March 2026). YC alum. ### Who uses Lio? Fortune 500 and Global 2000: Munich Re, Brose, Novozymes. Managing billions in procurement spend. ### What is Lio and who is it for? Lio is a collaborative data management and workflow platform that allows business teams to organize data, build custom tables, automate tasks, and collaborate—without requiring technical or coding skills. It targets small businesses and teams in emerging markets that rely on spreadsheets for business operations but need more structure and automation. ### How does Lio differ from traditional spreadsheets? Lio provides database-like structure with custom fields, forms, and relational data views, while keeping the simplicity of a spreadsheet-like interface. Unlike Google Sheets, Lio adds team collaboration features, permission controls, automated workflows, and mobile-first access optimized for field and non-desk workers. ### Does Lio support mobile access for field teams? Yes. Lio is designed with a mobile-first approach and its app allows field workers to enter data, complete forms, and update records from smartphones—making it suitable for teams in sales, logistics, manufacturing, and distribution who don't work from desks. ### What workflow automation does Lio support? Lio includes automation features that trigger actions based on data changes—such as sending notifications when a form is submitted, updating records when conditions are met, or generating reports on a schedule. These automations reduce manual steps in recurring business processes. ### What markets does Lio target? Lio focuses primarily on India and Southeast Asia, where small and medium businesses are transitioning from paper and basic spreadsheets to more structured digital tools. The platform is designed to be accessible and affordable for businesses in these growth markets. ## Tags b2b, enterprise, saas --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*