LevelpathTranslation site

Company Overview

Founded in 2022, Levelpath was co-founded by Alex Yakubovich and Stan Garber, former founders of Scout RFP, with a strong background in SaaS procurement solutions, having successfully sold Scout RFP to Workday in 2019. With a deep background in SaaS procurement solutions, the team is determined to build an "AI-driven" procurement platform from the ground up, and use AI to reconfigure the entire procurement experience.

Headquartered in San Francisco, California, the company has been backed by top-tier venture capitalists such as Benchmark, Redpoint, and Battery Ventures, with total funding approaching $100 million, and has closed a $55 million Series B in 2025.

Products

Levelpath's core concept is to build a truly "AI-native" procurement platform. Unlike "AI-labeled" tools that attach AI to traditional systems, Levelpath's product architecture is designed around AI from the first line of code, ensuring that the entire system is intelligent and automated, from requests and reviews to contracts and supplier management.

Its platform consists of the following core modules:

1. AI Front Door (Smart Procurement(Entrance)

Converting procurement requests into conversational submissions, using AI to automatically determine categories, assign routes, and identify required resources, greatly reduces process barriers and enables employees to submit compliant procurement requests without having to learn complex systems.

2. Strategic Sourcing (Intelligent Inquiry and Comparison)

The platform can automatically draft RFPs (requests for proposals), analyze vendor quotes, compare terms and conditions, and recommend the best vendors through AI, greatly speeding up the vendor selection process.

3. Contract Intelligence (CI)

AI analyzes contract content in real time, identifying key terms and potential risks, and aligning them with company policies and legal compliance standards.

4. Pipeline visualization and project monitoring

Real-time tracking of the progress of procurement projects, budget utilization, approval status, to ensure that each expenditure under control, decision-making more data-based.

Its core AI engine is called HyperbridgeIt can integrate data from multiple sources (contracts, suppliers, finance, compliance information, etc.) to achieve global reasoning and insights, ensuring an intelligent and controllable procurement chain.

Typical Customers

Levelpath's customers span a wide range of industries, including healthcare, manufacturing, retail, and technology, and include Amgen, SiriusXM, Ace Hardware, Western Union, Coupang, GATX, and SSM Health, which have achieved significant These organizations have achieved significant results with Levelpath:

• Reduction in procurement process time 50%+
• Contract Approval Efficiency Improvement 3-5 times
• Millions of dollars in annual cost savings
• Reduction in average vendor onboarding cycle time 70%

For example, SiriusXM's IT spend management process was shortened by 47% after adopting Levelpath, resulting in improved budget transparency and vendor performance.

Technical Advantages

Financing dynamics and future vision

Levelpath's business model has been highly recognized by the capital markets. As of 2025, the company has completed its Seed, Series A and Series B rounds of financing, raising a total of nearly $4.5 billion. 100 million dollarsThe latest round was led by Battery Ventures. The latest round was led by Battery Ventures and will be used to fund technology development, international market expansion and customer support team expansion.

Its long-term goal is to become a corporate "The Simplest, Smartest Purchasing Hub", which not only helps organizations save money, but also puts procurement at the center of a strategy for business growth and compliance management.