asklio
Lio (asklio) is a Munich-based enterprise SaaS company that sells a multi-agent AI procurement workforce to global enterprises, automating purchase requests, sourcing, negotiation, approvals, and invoice workflows via 15+ specialized agents that integrate with major ERP and P2P systems.
- Company typePrivate
- Founded2022
- HeadquartersMunich, Germany
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What asklio does
asklio, operating under the brand name Lio, is a Munich-based enterprise SaaS company that builds a multi-agent AI procurement workforce for global enterprises. The platform deploys a coordinated network of 15+ specialized AI agents (RFQ, Sourcing, Contract Negotiation, Approvals, Goods Receipt, Invoice, Supplier Onboarding, Guided Buying, Negotiation, Freetext, Order Confirmation, PR Review, Search, and Procurement Intelligence) that work in parallel to automate the enterprise procurement lifecycle. These agents are governed by Agent Operating Procedures and organized across five platform layers (Agent-Augmented Buying, Operational Automation, Scaled Savings, Supercharge Buyers, and Agent Supervisor & AOPs). The company claims an 85% reduction in operational workload, 10% additional cost savings, and over 95% procurement request compliance, with deployment timelines under two weeks.
The product is sold via direct enterprise field sales on a quote-based subscription model with multi-year contracts, targeting large global enterprises with complex procurement operations. Lio integrates with all major ERP and P2P systems (SAP, SAP Ariba, Oracle, Coupa, Microsoft Dynamics, Workday, Ivalua) and is hosted on Microsoft Azure Europe under ISO 27001 and GDPR compliance. Founded in 2022, the company reports 150+ enterprise clients (including Schaeffler, SCHOTT, Zeiss, Mahle, ERGO Group, and Hubert Burda Media), 1,000,000+ users, a claimed 100% retention rate since inception, and has raised a $30M Series A led by Andreessen Horowitz in 2024. The company is a Y Combinator graduate led by CEO Vladimir Keil and operates from Munich with a US subsidiary (Lio Technologies, Inc.).
asklio firmographics
Firmographics- Name
- asklio
- Legal name
- Lio Technologies, Inc.
- Website
- https://asklio.ai
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Lio (asklio) is a Munich-based enterprise SaaS company that sells a multi-agent AI procurement workforce to global enterprises, automating purchase requests, sourcing, negotiation, approvals, and invoice workflows via 15+ specialized agents that integrate with major ERP and P2P systems.
- Ownership category
- akta.pro rank
asklio industry classification
Industry- Product category
- Enterprise Procurement Software
- NAICS
- Software Publishers (513210)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Sourcing Support & RFx Administration (RFI/RFP/RFQ) (BPAAAJAC)
- akta.pro secondary industries
- Catalog & eProcurement Enablement (Punchout, Item Master) (BPAAAJAI), Spend Analytics & Reporting Support (BPAAAJAJ)
Keywords
Where asklio is headquartered
LocationHeadquarters
- HQ city
- Munich
- HQ country
- Germany
- HQ region
- Europe
Offices1 record
Markets served
asklio business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Enterprise SaaS Subscription: Lio operates as an enterprise SaaS platform with subscription-based pricing for its AI procurement workforce solution. The platform is sold to global enterprises on a contract basis, with implementation and training included in the deployment. The model follows a land-and-expand motion, starting with specific procurement layers and scaling across the organization as value is demonstrated.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Enterprise custom pricing |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
asklio product offering
Product offeringCore offering
asklio (branded as Lio) provides a multi-agent AI procurement platform that autonomously executes the work of an enterprise procurement team. Specialized AI agents handle purchase request intake, supplier sourcing and outreach, compliance checks, and purchase order creation, integrating natively with ERP and source-to-pay systems such as SAP, Oracle, Coupa, and Ivalua. The platform is sold as enterprise SaaS to large organizations seeking to reduce procurement cycle times, free up procurement staff capacity, and capture cost savings on indirect spend.
Product overview
Lio is a multi-agent AI procurement platform offering a suite of specialized AI agents that work in parallel to automate enterprise procurement operations. The platform is structured around five transformation layers: Agent-Augmented Buying, Operational Automation, Scaled Savings, Supercharge Buyers, and Agent Supervisor & AOPs. Key product components include specialized agents for RFQ, procurement intelligence, approvals, sourcing, goods receipt, contract negotiation, PR review, search, order confirmation, invoicing, supplier onboarding, guided buying, negotiation, and freetext processing. The system integrates with existing P2P/ERP systems and can be deployed in under two weeks.
Differentiator
Problem solved
Functional benefit
Products and services
- Lio Multi-Agent AI Procurement Platform Enterprise SaaS platform that deploys a coordinated workforce of specialized AI agents to autonomously handle purchase request intake, supplier sourcing, compliance validation, and purchase order creation for large organizations. It is targeted at procurement and finance leaders at global enterprises running complex ERP and source-to-pay environments who want to reduce procurement workload, shorten cycle times, and capture indirect-spend savings.
Quantifiable outcome
- 85% reduction in operational workload
- +6 more outcomes
Companies that use asklio
Customer profileNamed customers15 records
Segments1 record
Ideal customer profiles1 record
asklio technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
AI capability6 records
Feature13 records
asklio partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core.
- MicrosoftcoreOfficial Microsoft Partner with secure integration into Microsoft architecture. Lio is hosted on Microsoft Azure Europe ensuring full data sovereignty and enterprise-grade cloud security. Deep integration with Microsoft Office, Teams, and Outlook for procurement workflow collaboration.
- SAPcoreIntegration with SAP and SAP Ariba for seamless connectivity with enterprise ERP and procurement systems. Lio works within existing SAP environments to enhance procurement capabilities without replacing core systems.
- OraclecoreIntegration with Oracle procurement systems allowing Lio's AI agents to operate within Oracle-based enterprise procurement environments.
- CoupacoreIntegration with Coupa's BSM platform enabling Lio's AI agents to enhance spend management and procurement operations within Coupa environments.
- Microsoft DynamicscoreIntegration with Microsoft Dynamics for enterprise resource planning connectivity, enabling Lio's agents to operate within Microsoft Dynamics-based procurement workflows.
- WorkdaycoreIntegration with Workday enabling connectivity for procurement and financial management workflows within Workday-based enterprise environments.
- IvaluacoreIntegration with Ivalua's unified procurement platform allowing Lio's AI agents to enhance source-to-pay processes within Ivalua environments.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
asklio competitors and assessment
Company assessmentBroad incumbents
- SAP Ariba: SAP Ariba is the dominant cloud procurement network and a core integration partner for Lio. As the largest incumbent in source-to-pay, its own emerging AI capabilities and ecosystem partnerships represent both a moat (Lio plugs in) and a competitive threat.
- Coupa: Coupa is a broad business spend management (BSM) platform with deep procurement capabilities and an explicit integration partner for Lio. It overlaps at the procurement workflow level while competing for the same enterprise wallet.
- Jaggaer: Jaggaer is a full-suite source-to-pay and procurement platform serving large global enterprises. It competes broadly with Lio at the strategic procurement level and offers its own AI modules for sourcing and contract analysis.
- Ivalua: Ivalua is a unified source-to-pay procurement suite with which Lio explicitly integrates (one of its listed ERP/P2P partners). As a broader incumbent, it competes with Lio at the suite level while also serving as a channel distribution.
Direct peers
- Keelvar: Keelvar is an AI-powered sourcing optimization platform for enterprise procurement, directly competing with Lio's RFQ and Sourcing Agents. Both target global enterprises with complex indirect spend, and both emphasize autonomous sourcing and supplier selection as core value drivers.
- Archlet: Archlet is a Zurich-based AI procurement analytics and sourcing platform, comparable to Lio's Procurement Intelligence Agent and Sourcing Agent. It similarly targets enterprise procurement teams looking to apply machine learning to supplier selection and negotiation.
- Zip: Zip is an AI-first intake-to-procurement orchestration platform serving enterprise buyers. It overlaps directly with Lio's Guided Buying, Approvals, and RFQ agents, and similarly integrates with SAP, Oracle, Coupa, and Workday to automate purchase requests end-to-end.
- Procurify: Procurify offers AI-powered procurement and AP automation aimed at mid-market and enterprise buyers, overlapping with Lio's guided buying and invoice automation agents and supporting integration with major ERPs.
- Arkestro: Arkestro (formerly BidOps) provides AI-driven procurement orchestration and predictive bidding for direct and indirect spend. Like Lio, it pitches autonomous agents that work alongside human buyers and integrates with major ERP/P2P systems.
Emerging players
- Tealbook: Tealbook is a supplier intelligence platform that uses AI/data to build supplier profiles and recommendations for procurement teams. It is comparable to Lio's Procurement Intelligence and Sourcing agents for the supplier discovery and data enrichment portion of the workflow.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
asklio social profiles
Digital presenceasklio compliance and trust
Trust signalCompliance2 records
asklio financial estimates
Financial estimateRevenue estimate
Valuation estimate
asklio leadership team
Management profileNumber of profiles
Profiles1 record
asklio funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
asklio M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about asklio
What does asklio do?
asklio (branded as Lio) provides a multi-agent AI procurement platform that autonomously executes the work of an enterprise procurement team. Specialized AI agents handle purchase request intake, supplier sourcing and outreach, compliance checks, and purchase order creation, integrating natively with ERP and source-to-pay systems such as SAP, Oracle, Coupa, and Ivalua. The platform is sold as enterprise SaaS to large organizations seeking to reduce procurement cycle times, free up procurement staff capacity, and capture cost savings on indirect spend.
Is asklio a public or private company?
asklio is a private company. It is classified as venture growth investor backed and is currently operating.
When was asklio founded?
asklio was founded in 2022. It employs 11 to 50 people.
Where is asklio based?
asklio is headquartered in Munich, Germany, in the Europe region.
How does asklio make money?
One revenue line is on record: enterprise SaaS Subscription.
Who are asklio's main competitors?
Broad incumbents on record are SAP Ariba, Coupa, Jaggaer and Ivalua. Direct peers are Keelvar, Archlet, Zip, Procurify and Arkestro. Tealbook is listed as an emerging player.
Does asklio have an API?
No public API is recorded for asklio.
What industry is asklio in?
asklio's product category is Enterprise Procurement Software. Its primary akta.pro industry code is BPAAAJAC, Sourcing Support & RFx Administration (RFI/RFP/RFQ), with a secondary code of BPAAAJAI, Catalog & eProcurement Enablement (Punchout, Item Master). Its NAICS code is 513210 and its SIC code is 7372.