Lio raises $30M from Andreessen Horowitz and others to automate enterprise procurement

Automated excerpt

Lio’s co-founders know firsthand that procurement — the process enterprises use to purchase services from vendors — is often a bottleneck. Keil and his team have built an automated platform of AI agents — software that can complete tasks on behalf of humans — to help fix some of those fragmented processes. Keil said the fresh capital will be used to expand the company throughout the U. S. and increase the capabilities of Lio’s AI agents, which aim to complete the entire procurement process for enterprise customers.

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