Lyric, an AI-powered supply chain intelligence platform, has successfully closed a $43.5 million Series B funding round led by Insight Partners. The round included participation from Primary Venture Partners, Permanent Capital Ventures, VMG Partners, PSP Growth, and NewBuild Venture Capital, positioning the company to accelerate its mission of transforming enterprise supply chain decision-making.
Impressive Market Momentum Drives Growth
Since emerging from stealth mode just 18 months ago, Lyric has demonstrated remarkable traction with a 500% surge in revenue. The platform is now deployed across multiple Fortune 500 companies spanning various industries, reflecting the growing demand for intelligent supply chain solutions amid increasing global supply chain volatility and complexity.
The company’s Lyric Studio platform addresses critical gaps in traditional supply chain analytics tools, which Gartner notes often lack automation, real-time insights, and adaptability. The composable, AI-first platform enables teams to design tailored supply chain solutions through seamless data integration, algorithmic libraries, visual workflow builders, and intuitive user experiences.
Strategic Investment in AI-Driven Innovation
The Series B capital will fuel several key initiatives, including expanding AI-driven capabilities for experimentation and automation, broadening the library of reusable supply chain logic, and enhancing customer onboarding programs. Additionally, funds will support accelerated product development and global market expansion.
“Supply chains are too dynamic for rigid software. Our goal is to build infrastructure that adapts to complexity—not the other way around,” said Ganesh Ramakrishna, Co-Founder and CEO of Lyric.
Lyric plans to showcase its next-generation capabilities at Empower 2025, its annual conference scheduled for August 13-14, 2025, in Chicago, bringing together global supply chain leaders to explore the future of composable, AI-powered supply chain management.