Lio
The product is an AI-driven procurement assistant that utilizes a multi-agent system to automate various procurement tasks, including vendor research, negotiations, and order tracking, thereby improving operational efficiency. It integrates with existing procurement platforms and employs generative AI to streamline processes and alleviate the workload on procurement teams.
- Category: Procurement
- Location: Munich, Bavaria, Germany
- Founded: 2023-03-01
- Total funding: 500000
- Website: https://lio.ai
Product & Features
- Lio automates procurement processes, reducing operational workload by 85% and enhancing compliance adoption rates to over 95%.
- The platform utilizes AI agents for sourcing, negotiation, and contract management, streamlining workflows and improving efficiency.
- Lio transforms unstructured data into actionable procurement requests, enabling quick access to suppliers and catalog items.
- Agents autonomously handle supplier onboarding, invoice matching, and order confirmations, ensuring accuracy and minimizing risks.
- The system compresses RFQ cycles from weeks to days, providing real-time insights and recommendations for negotiations.
- Users can design and scale custom agents tailored to their unique workflows, enhancing organizational efficiency.
- Lio continuously learns from transactions and outcomes, improving procurement strategies and decision-making over time.
Founders & Team
- Lukas Heinzmann — Co-Founder & CTO
- Vladimir Keil — Co-Founder & CEO
Funding Rounds
- Series A — $30M (2026-04)
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Frequently Asked Questions
What is Lio?
The product is an AI-driven procurement assistant that utilizes a multi-agent system to automate various procurement tasks, including vendor research, negotiations, and order tracking, thereby improving operational efficiency. It integrates with existing procurement platforms and employs…
What does Lio do?
Lio automates procurement processes, reducing operational workload by 85% and enhancing compliance adoption rates to over 95%. The platform utilizes AI agents for sourcing, negotiation, and contract management, streamlining workflows and improving efficiency. Lio transforms unstructured data into actionable procurement requests, enabling quick access to suppliers and catalog items.
Who founded Lio?
Lio was founded by Lukas Heinzmann and Vladimir Keil.
How much funding has Lio raised?
Lio has raised 500000 across 1 funding round.
Who are Lio's investors?
Lio's investors include Andreessen Horowitz.
What category does Lio fall under?
Lio is a legal technology company in the (CBU) Procurement category.