Lyric Raises $43.5 Million to Grow its AI Platform for Supply Chain

Lyric, a supply chain platform, led by Ganesh Ramakrishna(Founder & CEO), Sara Hoormann(Head of Strategy & Marketing), Ronan O' Donovan(Head of Product - Platform), Vish Oza(Head of ML and Prediction Science), Karthik Muthukrishnan(Head of Engineering), Sarang Jagdale(Head of Decision Science), Deb Mohanty(Head of Gen AI), Evan Quasney(Head of Revenue), Laura Carpenter(Head of Customer Success), Milind Kanetkar(Head of Customer Engagements), and Brooke Collins(Head of Pre-Sales), announced a $43.5 million in Series B funding led by Insight Partners, with continued participation from Primary Venture Partners, Permanent Capital Ventures, and NewBuild Venture Capital, alongside new partners VMG Partners and PSP Partners, bringing the total funding to $67 million. Lyric welcomes Teddie Wardi (Managing Director, Insight) to its board.

Lyric is an AI-first, composable supply chain platform built to address the unique complexities of modern operations. Used by global leaders like Coca-Cola, Mondelēz, and Google, it enables intelligent, agile decision-making through Generative and Agentic AI. Companies use Lyric to redesign supply networks, enhance demand planning, and bridge strategy with execution—faster and more flexibly than traditional tools.

An early customer turned to Lyric with two urgent challenges their legacy systems couldn’t solve. Lyric delivered solutions in weeks—and their teams soon began expanding on them, unlocking new use cases and scaling adoption independently. This validated Lyric not just as software, but as a truly adaptable platform.

The new funding will accelerate platform development, enhance Agentic AI capabilities, and strengthen customer success efforts to help every user unlock value from day one.