Lyric, a leading AI-powered platform transforming supply chain decision making, today announced it has raised $43.5 million in Series B funding. The round was led by global software investor Insight Partners, with participation from Primary Venture Partners, Permanent Capital Ventures, VMG Partners, PSP Growth and NewBuild Venture Capital.
Lyric’s momentum continues to accelerate. Revenue has grown 500% since emerging from stealth 18 months ago, with enterprise adoption now spanning Fortune 500 companies across a range of industries.
A new model for supply chain intelligence
Supply chain teams are under growing pressure to make faster, smarter decisions, but many are held back by rigid tools that simply can’t keep up. As Gartner® notes, “today, many of the activities associated with data, including preparation, transformation, pattern identification, model development and sharing insights with others, lack augmentation and automation. While demands for more analytics-enabled and near-real-time decision making remain high, technical hurdles and data quality concerns limit user adoption and opportunities to drive business outcomes from these solutions.”*
To address this challenge, Lyric built Lyric Studio, a composable platform designed from the start to give customers the power to tailor decision-making intelligence to their unique needs. With seamless data integration, a rich library of algorithms, an intuitive workflow builder, and a built-in experience layer, Lyric puts advanced science in the hands of business users faster, easier, and with precision. It helps teams move quickly and make better decisions across modeling, planning, and frontier use cases.
“We chose Lyric as our next-generation supply chain design platform after thorough assessment of multiple considerations. Within a brief period, we are already expanding our capabilities into many unique use cases with the speed and agility to meet our strategic objectives. Lyric’s algorithmic horsepower and talented technical team are exceptional,” said Natesh Rao, Supply Chain Leader at Mondelēz International.
Investing in product, intelligence, and community
The new capital will accelerate Lyric’s product roadmap, expand its library of reusable supply chain logic, and deepen its AI-driven capabilities for experimentation, simulation, and automation. The company will also invest in customer success, onboarding, and community programs as it scales platform access for global supply chain teams.
“This investment is more than a milestone; it is a signal,” said Ganesh Ramakrishna, Co-Founder and CEO of Lyric. “Supply chains today are too complex and volatile for static software. Leaders need platforms that adapt to them, not the other way around. We are proud to be building the next generation of supply chain infrastructure.”
Looking ahead to Empower 2025
Lyric will unveil new capabilities and share its forward-looking roadmap at Empower 2025, the company’s annual conference, in Chicago on August 13–14, 2025. The event will gather supply chain leaders from across industries to explore what is possible in an AI-first, composable future.
“We believe supply chain decision making is overdue for reinvention,” said Teddie Wardi, Managing Director at Insight Partners and new Lyric board member. “Lyric’s platform-first approach delivers the flexibility and intelligence companies have been seeking for years. We are excited to back the team as they scale globally.”
Learn more at lyric.tech.
*Gartner, Market Guide for Analytics and Decision-Making Platforms for Supply Chain, Christian Titze, Leonard Ammerer, David Pidsley, 14 January 2025
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