# Lio: what it sells, price and AI features

URL: https://www.newsprint.com/companies/lio/
Covers: March 5, 2026
Updated: 2026-11-11
License: CC BY 4.0, https://creativecommons.org/licenses/by/4.0/
Cite as: Newsprint, "Lio: what it sells, price and AI features", https://www.newsprint.com/companies/lio/, updated 2026-11-11

> Lio is on the AI procurement software map. We record 1 dated launch or event for it. The latest is dated March 5, 2026.

"World's first multi-agent system for direct and indirect Procurement." Lio (formerly askLio) sells AI agents that work on top of a buyer's ERP, email and contracts. They read purchase requests, review price proposals, benchmark and compare suppliers, prepare and run negotiations, set up vendors and complete purchases. Enterprise procurement teams are the buyers. Source: [lio.ai](https://lio.ai/).

## Facts

- Site: [lio.ai](https://lio.ai/)
- Founded: [2023](https://www.newsprint.com/research/procurement-software/#co-lio)
- Category: Intake and orchestration
- Status: Active

## On the research maps

### [The AI procurement software map](https://www.newsprint.com/research/procurement-software/#co-lio)

"World's first multi-agent system for direct and indirect Procurement." Lio (formerly askLio) sells AI agents that work on top of a buyer's ERP, email and contracts. They read purchase requests, review price proposals, benchmark and compare suppliers, prepare and run negotiations, set up vendors and complete purchases. Enterprise procurement teams are the buyers. Source: [lio.ai](https://lio.ai/).

- Category: Intake and orchestration
- Price: not published; sales-led
- AI capabilities: Named agent, Contract review, Supplier discovery, Guided buying, AI intake, AI negotiation, RFx and bid analysis and Supplier data
- Scale: Funded challenger: institutional funding disclosed ($30M Series A led by Andreessen Horowitz (Mar 2026); $33M raised in total)
- Founded: 2023

Sources: [lio.ai](https://lio.ai/), [techcrunch.com](https://techcrunch.com/2026/03/05/lio-ai-series-a-a16z-30m-raise-automate-enterprise-procurement/), [tools.prnewswire.com](https://tools.prnewswire.com/en-us/live/20823/release/20260305EN02303), [lio.ai](https://www.lio.ai/) and [lio.ai](https://www.lio.ai/newsroom).

## Launches and dated events, newest first

### Lio raises $30M Series A

Funding round, March 5, 2026. Lio raised a $30M Series A led by Andreessen Horowitz, with SV Angels, Harry Stebbings and Y Combinator, bringing total funding to $33M. TechCrunch says its agents "read documents, evaluate suppliers, negotiate terms, and complete transactions", and the money funds expansion across the U.S.

Source: [TechCrunch](https://techcrunch.com/2026/03/05/lio-ai-series-a-a16z-30m-raise-automate-enterprise-procurement/). From [the AI procurement software map](https://www.newsprint.com/research/procurement-software/#co-lio).

## Methodology and corrections

How we track launches, and how to report an error: https://www.newsprint.com/updates/pr-software/#methodology