SUGARTOP

Announcing Lio's $30M Series A, led by Andreessen Horowitz! Procurement still operates like an administrative back-office function: rigid software, manual workflows and endless headcount. Enterprises spend over $180 billion annually on procurement talent and roughly $10 billion on procurement software, yet the problem persists. More software hasn't solved it. More hiring won't either. Introducing @Lio_Technology (formerly askLio) the world's first multi-agent system for procurement. Our virtual workforce is already deployed at some of the world's largest enterprises, taking over the manual work that buries buyers, shared service centers, and BPOs today. But Lio doesn't just do the same job - it does work that was never humanly possible: renegotiating every contract, sourcing across every category, and preparing as well as analyzing every negotiation, all at once. Lio's AI agents operate on top of existing procurement software and ERPs - no rip-and-replace - autonomously executing workflows end to end. The results speak for themselves: -   95% adoption rate -   85% reduction in manual work -   10% incremental savings -   100% customer retention Lio isn't a dashboard or a copilot. It's the execution layer for enterprise procurement. As one Head of Procurement put it: "Lio is a cheaper, more scalable, and faster-to-onboard alternative to outsourcing." Lio’s agents are already managing billions of dollars in enterprise spend across dozens of Global 2000 and Fortune 500 companies – from manufacturers to reinsurers to huge industrial conglomerates. This raise accelerates our US expansion and the growth of our agent ecosystem as we build the infrastructure powering AI-driven procurement. A huge thank you to our incredible team, customers, and advisors. Proud to have outstanding investors on board: the round was led by @a16z - special thanks to @seema_amble - with participation from SV Angel, @HarryStebbings, @ycombinator, and a group of leading procurement executives and successful founders. Additional thanks to @BKRoberts, @arampell, @jamdac, @zephratic and @t_blom. Whether as an enterprise partner or a new team member — join our mission now!

The $GWEI eligibility checker is now live. ethgasfoundation.org/token/

Introducing the Open Gas Initiative - a way for protocols to subsidize gas for users, zero-code, for a seamless, frictionless onchain experience. With OG cohort: @eigencloud, @ether_fi, @pendle_fi, @Velvet_Capital. 👇