Lio, which uses AI agents to automate enterprise procurement, including document reading and supplier evaluation, raised a $30M Series A led by a16z (Dominic-Madori Davis/TechCrunch)

Dominic-Madori Davis / TechCrunch: Lio, which uses AI agents to automate enterprise procurement, including document reading and supplier evaluation, raised a $30M Series A led by a16z   —  Lio's co-founders know firsthand that procurement — the process enterprises use to purchase services from vendors — is often a bottleneck.