Series A · AI & Machine Learning · Munich, Germany · Founded 2023 · 50–100 employees
Lio (formerly askLio) builds the world's first AI multi-agent system for enterprise procurement, automating the entire procurement workflow from request triage to vendor negotiation and purchase order generation. The company raised $30M in Series A funding led by Andreessen Horowitz in March 2026, and serves Fortune 500 and Global 2000 companies including Munich Re, Brose, and Novozymes. Founded by Y Combinator alumni, the startup has achieved remarkable metrics with 95% adoption rates, 85% reduction in manual work, 100% customer retention, and manages billions in enterprise spend. The platform operates as an autonomous AI workforce that executes end-to-end procurement processes without requiring replacement of existing ERP systems, positioning itself as the execution layer for enterprise procurement rather than just another copilot tool.