AI-native Company Lio Secures $30M Series A Funding to Revolutionize Procurement with Agentic AI Platform

Lio, previously known as askLio, has secured a $30 million Series A funding round led by Andreessen Horowitz to accelerate its agentic AI platform for revolutionizing procurement. The company aims to introduce Agent Operating Procedures (AOPs) enabled by recent advances in AI, providing enterprises with a virtual, agentic procurement department that operates at machine speed and scale, executing standard operating procedures autonomously.