Lio, an innovative startup focused on using artificial intelligence to improve how businesses buy goods and services, has successfully raised $30 million in funding. This investment round was led by the well-known venture capital firm Andreessen Horowitz, along with contributions from other investors. Lio aims to automate and simplify the procurement process for companies, making it easier and more efficient to manage their purchasing needs.

The funding will help Lio enhance its technology and ...