Lio raised $30 million in a Series A round led by Andreessen Horowitz to deploy AI agents across enterprise procurement operations. The funding brings the company’s total capital to $33 million as it scales from fragmented manual processes to autonomous workflow execution.

Enterprise procurement remains a critical bottleneck where companies spend significant resources on unstructured, repetitive tasks. Each purchase order requires navigating ERP systems, contract management platforms, supplier databases, compliance checks, and budget reconciliation—processes that can take weeks even with modern eProcurement software. This manual overhead forces companies to build large internal teams or outsource operations, creating delays and inflated costs across enterprise spending.