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Lio has secured $30 million in Series A funding led by Andreessen Horowitz, bringing its total funding to $33 million. The capital will be used to enhance its agentic AI platform for enterprise procurement and expand its U.S. market presence.

Lio's technology automates the entire procurement cycle, reducing manual tasks by 85% and operational costs. Companies have achieved up to 95% adoption rates, with some automating 75% of outsourced tasks in six months.

The platform's Agent Operating Procedures enable autonomous execution of complex workflows, improving efficiency and decision-making. Lio aims to redefine procurement as a strategic function, challenging traditional solutions.