Software companies we track

Lio: what it sells, price and AI features

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

Updated . Launches and events 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.

Site
lio.ai
Founded
2023
Category
Intake and orchestration
Status
Active

On the research maps

  • The AI procurement software map

    "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.

    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, techcrunch.com, tools.prnewswire.com, lio.ai and lio.ai.

    Lio on the AI procurement software map

Launches and dated events, newest first

  1. Lio raises $30M Series A

    Funding round, . 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. From the AI procurement software map.

Methodology and corrections: what counts as a launch, how each one is checked, and how to report an error.

License: CC BY 4.0. Reuse it with credit to Newsprint.

Cite as: Newsprint, "Lio: what it sells, price and AI features", https://www.newsprint.com/companies/lio/, updated 2026-11-11

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