Founded in 2022 with nearly $100 million in funding, it is focused on building an AI-native platform for intelligent enterprise sourcing and supply chain automation.
LevelpathFounded 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.
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:
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.
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.
AI analyzes contract content in real time, identifying key terms and potential risks, and aligning them with company policies and legal compliance standards.
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.
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:
For example, SiriusXM's IT spend management process was shortened by 47% after adopting Levelpath, resulting in improved budget transparency and vendor performance.
| dimension (math.) | Levelpath Advantage |
|---|---|
| build | Fully AI-native, non-traditional system modification |
| Automation capabilities | Supports automation of the entire process from request, to price comparison, to contracting |
| visualization | Real-time Dashboard + Project Pipeline Management |
| cost control | Significant reduction in shadow procurement and non-compliance expenditure |
| interoperability | Integration with systems such as SAP, Workday, Coupa, etc. |
| AI capabilities | Hyperbridge-driven reasoning, summarization and recommendation functions |
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.
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