Lio provides an enterprise procurement AI platform that runs a multi-agent virtual procurement workforce to manage purchase requests from research to delivery. It autonomously researches vendors, negotiates terms, routes approvals, onboarding, and tracks delivery across ERP and P2P systems, email, and the open web, with integrations to SAP, Coupa, Ariba, and surfaces like Microsoft Teams. Its approach differs by automating end-to-end procurement across a buyer’s tech stack with multiple AI agents, plus a GDPR focus and European Azure hosting. Its goal is to speed up procurement, reduce manual work, and deliver measurable savings for large buyers, while expanding in the US market.
Company Size
51-200
Company Stage
Series A
Total Funding
$30.1M
Headquarters
New York City, New York
Founded
2023
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