Lio Agentic Procurement

Lio Technologies (formerly askLio) sells a multi-agent system for direct and indirect procurement. Its press release is datelined New York on 5 March 2026 and gives the address 524 Broadway, New York. The company launched in 2023 according to that release.

The platform runs specialized agents in parallel on each purchase request, covering vendor research, negotiation, approvals and delivery tracking. Modules cover direct procurement, indirect procurement, finance and logistics. The site states that more than 150 large global enterprises use it.

• Direct procurement: agents handle requisitions for production materials.
• Indirect procurement: agents process requests for services and goods.
• Vendor negotiation: agents research vendors and negotiate terms.
• Approvals: routing of purchase requests for sign-off.
• Delivery tracking: follow-up of orders until receipt.
• Finance and logistics modules: extend automation beyond purchasing.

A Vietnamese conglomerate could automate indirect purchasing for maintenance and IT services. A manufacturer with a global supplier base could use agents for vendor research and negotiation.

Company-reported figures include 85% less manual work and 10% incremental savings. A tier-1 industrial manufacturer reportedly automated 75% of outsourced procurement work in six months. Acts as a virtual procurement department rather than another software layer.

Enterprises are moving procurement from software workflows to autonomous agents that do the operational buying work. Large Vietnamese groups in manufacturing, energy and retail that outsource or manually run indirect purchasing are a plausible fit.

USD 30 million Series A led by Andreessen Horowitz with SV Angels, Harry Stebbings and Y Combinator; total funding USD 33 million (March 2026). CEO Vladimir Keil. Customers named include Munich Re, Brose, Novozymes and Schaeffler.