On Thursday, Lio announced a $30 million Series A in a round led by Andreessen Horowitz. SV Angels, Harry Stebbings, and YC also partook in the round (Lio was part of the Spring ’23 batch). The company has raised $33 million in funding to date. Keil said the fresh capital will be used to expand the company throughout the U.S. and increase the capabilities of Lio’s AI agents, which aim to complete the entire procurement process for enterprise customers.
Most of the 10-figure income stems from his roughly 20% stake in Blackstone, as Schwarzman boasts a relatively meager salary of $350,000.
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Today the US Senate unanimously passed proposed legislation known as COPPA 2.0. This measure, fully named the Children and Teens’ Online Privacy Protection Act, aims to create new protections for younger users online, such as blocking platforms from collecting their personal data without consent.