TLDR: Lyric, a Sunnyvale, California-based company, has successfully raised $43.5 million in Series B funding, led by Insight Partners. This significant investment will fuel the expansion of its AI-powered platform, Lyric Studio, designed to revolutionize supply chain decision-making for global enterprises. The company has already demonstrated remarkable growth, achieving 500% revenue increase since its emergence from stealth 18 months ago, with its platform now adopted by numerous Fortune 500 companies.
Sunnyvale, California – Lyric, a pioneering force in AI-powered supply chain intelligence, today announced the successful closure of a $43.5 million Series B funding round. The investment was spearheaded by global software investor Insight Partners, with additional participation from Primary Venture Partners, Permanent Capital Ventures, VMG Partners, PSP Growth, and NewBuild Venture Capital. This latest funding brings Lyric’s total capital raised to $67 million, underscoring strong investor confidence in its innovative approach to supply chain management.
The modern global supply chain is characterized by increasing complexity and volatility, often leaving enterprises struggling with outdated software that fails to support agile decision-making. Many organizations are ‘data-rich but insight-poor,’ relying on disconnected systems that cannot adapt quickly to real-time changes. Lyric addresses these critical challenges with its flagship offering, Lyric Studio, a composable AI platform engineered to empower supply chain teams with advanced, tailored intelligence.
Lyric Studio is designed to put algorithmic decision-making directly into the hands of business users. It features seamless data integration, a comprehensive library of algorithms, an intuitive workflow builder, and a built-in experience layer. This allows companies to customize decision-making intelligence to their unique needs, facilitating faster and more precise actions across modeling, planning, inventory management, transportation logistics, and other frontier use cases. The platform helps teams move quickly and make better decisions, enhancing efficiency and resilience.
Since emerging from stealth 18 months ago, Lyric has experienced impressive momentum, reporting a 500% increase in revenue. Its AI-driven platform has seen rapid enterprise adoption, now serving nearly 30 major global enterprises, including Fortune 500 companies such as Coca-Cola, Mondelēz, Owens & Minor, Google, and Kuehne+Nagel.
Ganesh Ramakrishna, Co-Founder and CEO of Lyric, emphasized the necessity of adaptive solutions in today’s dynamic environment. “Supply chains today are too complex and volatile for static software. Leaders need platforms that adapt to them, not the other way around,” Ramakrishna stated. He added, “This investment is more than a milestone; it is a signal.” Natesh Rao, Supply Chain Leader at Mondelēz International, lauded Lyric’s capabilities, stating, “We originally chose Lyric as our next-generation supply chain design platform, but within six months, we were using it across many other decisions. Their algorithmic horsepower is exceptional.”
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The newly secured capital will be strategically deployed to accelerate Lyric’s product roadmap, expand its library of reusable supply chain logic, and deepen its AI-driven capabilities for experimentation, simulation, and automation. Furthermore, the company plans significant investments in customer success, onboarding, and community programs to scale platform access for global supply chain teams. Lyric aims to grow its customer base tenfold in the coming years, moving from serving dozens to potentially thousands of enterprises worldwide, with a vision for smarter, more sustainable supply chains that optimize resource utilization.
