Co-Founder & CEO
Since Jul 2024 · 2 yrs 4 mos
Profile summary: Apple Intelligence PM
Rivio AI
Rivio provides managed AI employees for enterprise procurement operations, combining AI-driven source-to-pay workflow execution with human expert oversight. The service operates within existing procurement systems, automating routine tasks while experts handle exceptions and remain accountable for cycle time, compliance, and savings goals. Rivio reports 35% faster cycle times, 6-8% savings delivered, and automation of routine work across enterprises.
- Artificial Intelligence
- AI Agents
- Data & Analytics
- Enterprise Software
- Logistics & Supply Chain
- Software Only
Updated 13 days ago
Funding
Raised to date
$21MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
across 2 rounds
EPVVC$1M · Series A Extension
Announced Feb 2026 · from article date
Disclosed cumulative: $21M
2/2
RoundDateAmountValuationInvestors
Founders
Product
Problem
Enterprise procurement teams face mounting pressure to improve cycle times, ensure compliance, and deliver savings, yet routine source-to-pay work consumes significant staff capacity. Traditional outsourcing and software tools either lack adaptability or fail to take full ownership of outcomes, leaving teams stretched and goals unmet.
Solution
Rivio delivers a managed AI service that combines AI Employees with procurement experts to execute source-to-pay workflows end-to-end. AI Employees automate routine tasks across intake, sourcing, contracts, purchasing, approvals, and invoices, while Rivio's procurement experts handle exceptions and continuously monitor performance. The service is built around each company's existing procurement stack, mapping workflows to current processes without forcing platform changes. Rivio is held accountable to service-level agreements on cycle time, compliance, throughput, and savings, with experts optimizing AI performance as business needs evolve.
Target Audience
Primary customers are enterprise procurement organizations, including hyper-growth unicorns and AI/data leaders, that need to scale operational capacity without adding headcount or replacing their existing procurement technology stack.
Features
- AI Employees that execute source-to-pay workflows across intake, sourcing, contracts, purchasing, approvals, and invoices
- Integration with existing procurement systems, requiring no platform replacement or process overhaul
- Human-in-the-loop exception handling by Rivio procurement experts
- Performance managed against SLAs covering cycle time, compliance, throughput, and savings
- Continuous monitoring and optimization of AI Employee performance as workflows and policies change
- Benchmarked results including 35% faster cycle times, 6-8% savings delivered, and automation of routine work