Lyric, a Sunnyvale-based AI-powered platform revolutionizing supply chain decision-making, has secured $43.5 million in Series B funding led by Insight Partners. This investment fuels Lyric’s mission to enhance enterprise supply chain efficiency through advanced AI capabilities, addressing the growing demand for agile, data-driven solutions.
Lyric raises $43.5M in Series B funding led by Insight Partners.
Revenue grows 500% since stealth exit, with Fortune 500 adoption.
Lyric Studio enables tailored, AI-driven supply chain decisions.
Funds to enhance product roadmap, AI capabilities, and customer success.
Platform addresses rigid tools’ limitations in supply chain management.
Empower 2025 conference to showcase new features in Chicago.
Lyric’s platform, Lyric Studio, tackles the limitations of rigid supply chain tools by offering a composable, AI-driven solution. It integrates seamless data connectivity, a robust algorithm library, and an intuitive workflow builder, enabling business users to customize decision-making intelligence. “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,” said Natesh Rao, Supply Chain Leader at Mondelēz International. This flexibility empowers enterprises to optimize planning, logistics, and inventory management, addressing technical hurdles and data quality concerns noted by Gartner.
The $43.5 million funding, with participation from Primary Venture Partners, Permanent Capital Ventures, VMG Partners, PSP Growth, and NewBuild Venture Capital, will accelerate Lyric’s product development and expand its reusable supply chain logic library. “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.” The capital will also support customer onboarding and community programs, enhancing global access to Lyric’s platform.
Lyric’s 500% revenue growth since emerging from stealth 18 months ago reflects strong enterprise adoption across industries. The platform’s AI-driven capabilities enable faster, smarter decisions, helping Fortune 500 companies navigate complex supply chain challenges. “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 upcoming Empower 2025 conference in Chicago on August 13–14, 2025, will unveil new features and outline its vision for an AI-first, composable supply chain future.
Lyric’s Series B funding positions it to redefine supply chain management, delivering scalable, intelligent solutions that meet the dynamic needs of global enterprises. With a focus on innovation and customer success, Lyric is set to lead the next generation of AI-powered supply chain infrastructure.
Lyric is a leading AI powered platform that puts algorithmic decision making into the hands of supply chain builders. With Lyric Studio, enterprises design, test and deploy high performance models faster, unlocking better decisions across planning, logistics, inventory and beyond. Lyric is headquartered in Sunnyvale, California.
Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of December 31, 2024, the firm has over $90B in regulatory assets under management. Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and the Bay Area. Insight's mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO.
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