Lio Raises $30M Series A (a16z): AI Procurement Workforce Replaces SAP Ariba and Coupa Workflows Across Global 2000

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Lio, the 'world's first multi-agent procurement system,' raised a $30M Series A led by Andreessen Horowitz on March 5, 2026, bringing total funding to $33M. Specialized agents handle vendor research, negotiation, approvals, and delivery tracking in parallel for clients including Munich Re, Brose, and Novozymes, managing billions in enterprise spend since 2023. The architecture replaces SAP Ariba and Coupa seat licenses: fewer procurement headcount, no per-user software cost, outcome-based pricing per completed purchase.