How Levelpath is Powering Procurement Transformation
Levelpath is very much on an upwards trajectory, having recently raised more than US$55m in Series B funding, bringing its total capital raised to date to more than US$100m.
The latest capital injection looks set to help the company in its bid to streamline and modernise procurement.
Levelpath was founded in 2022 by Alex Yakubovich and Stan Garber, with the latter serving as President. Stan's focus is on driving the firm's product vision while ensuring it remains "obsessively customer-focused".
Here, the experienced technologist explains why he believes intelligent design will transform procurement into a competitive business advantage.
What is Levelpath's core mission?
The core mission is to transform procurement into a proactive strategic advantage through AI-native procurement AI solutions. For too long, procurement teams have been constrained by clunky legacy systems that create bottlenecks rather than clearing them. Levelpath exists to change that fundamental dynamic.
At its heart, the mission centres on making procurement delightful. This might sound unusual in enterprise software, but we believe that procurement professionals deserve tools that energise rather than drain them. The AI-native platform eliminates the manual, repetitive tasks that consume valuable time, allowing procurement teams to focus on strategic initiatives that drive real business value.
Levelpath is obsessed with its customers, which is the first of our core values. This customer obsession drives every product decision. Rather than building features that engineers think they need, the company works closely with procurement teams to understand actual challenges and design solutions that address root causes.
The goal is to democratise sophisticated procurement capabilities. Complex sourcing events, supplier evaluations and contract analysis should not require specialised expertise or months of training. The AI-native approach makes these advanced capabilities accessible to any business stakeholder with just a few clicks.
What core procurement challenges is Levelpath looking to overcome?
First and foremost is the user experience problem. Traditional procurement systems are notoriously difficult to navigate, leading to poor adoption rates and stakeholders bypassing official processes entirely. When employees avoid these legacy systems, they resort to "rogue spending" using corporate credit cards, which results in missed bulk discount opportunities and compliance issues.
Data fragmentation is another critical challenge. Procurement information typically lives scattered across multiple systems, making it nearly impossible to gain unified visibility into supplier relationships, contract obligations, or spending patterns. This fragmentation prevents teams from making informed strategic decisions and limits their ability to demonstrate value
Most procurement functions suffer from process inefficiency. Creating RFPs, analysing supplier responses and managing contract renewals often take weeks or months when they could take days. These lengthy cycle times frustrate internal stakeholders and prevent procurement from supporting business agility.
Perhaps most significantly, procurement teams struggle to scale their impact. As businesses grow and spending categories expand, traditional approaches require proportional increases in headcount. Levelpath's AI-native procurement AI solutions address this by enabling procurement professionals to manage significantly more sourcing events and supplier relationships without sacrificing quality.
Tell us about the closure of your recent funding round
Levelpath recently closed its Series B funding round, led by Battery Ventures. The company raised US$55m+, bringing total capital raised to over $100 million, a significant milestone that validates market demand for truly AI-native procurement AI solutions.
Battery Ventures was the natural choice to lead this round, given its deep expertise in procurement. Neeraj Agrawal, who joined our board as part of the investment, previously led Battery's investment in Coupa during its Series B stage. Coupa eventually achieved a successful IPO and was acquired for approximately $8 billion, so Neeraj brings invaluable scaling experience.
The round also included participation from existing investors: Redpoint Ventures, Benchmark, 01A, NewView Capital and World Innovation Lab. Their continued support demonstrates confidence in our execution capability.
The capital will be used to accelerate product development, particularly around AI Agents, expand go-to-market efforts and deepen strategic partnerships. Most importantly, this funding enables maintaining an obsessive focus on customer success whilst building intelligent infrastructure that transforms procurement into a competitive advantage.
How crucial is AI to Levelpath?
AI is not just crucial to Levelpath; it is Levelpath. This is an AI-native company, meaning artificial intelligence forms the architectural foundation of everything built rather than being a feature "bolted" onto existing systems.
This distinction matters enormously. Traditional procurement vendors founded before 2022 face the challenge of retrofitting Generative AI capabilities onto rigid legacy architectures. These surface-level integrations often promise more than they deliver, creating fragile automations that break under real-world complexity.
The AI-native approach differs completely. Every data structure, workflow and user interaction was designed with AI intelligence embedded from conception. The proprietary Hyperbridge reasoning engine unifies model grounding, context management and orchestration, ensuring seamless functionality rather than bolted-on features.
AI enables procurement to transform from reactive administration into proactive strategy. The platform automatically enriches supplier data, generates sophisticated RFPs in seconds, analyses unstructured bid responses and provides real-time insights across all procurement activities. These capabilities would be impossible without the AI-native foundation.
The approach to AI amplifies human capability and transforms procurement into a delightful experience through advanced procurement AI solutions.
What's on the agenda for Levelpath during the rest of 2025 and heading into 2026?
The focus centres on continuing to advance AI capabilities, which were introduced with the recent funding announcement. This includes AI agents and AI assistants, which represent the next evolution of AI-native procurement AI solutions.
The AI agents are autonomous systems that handle complex tasks like sourcing event creation, supplier onboarding and risk assessments without manual intervention, effectively taking over entire processes to drive exponential productivity gains. The AI Assistant serves as an intelligent copilot that guides and accelerates procurement professionals' work, helping them navigate complex decisions and streamline daily workflows.
In practice, the AI assistant is a type of super agent that contextualises requests, grounds them on relevant data, figures out what to do and provides professional-grade outputs across a wide variety of supplier, risk, sourcing and contract management tasks. Based on the buyer's needs, it can do the work of hundreds of agents, including contract reviews, RFP templates, risk overviews and project-specific executive memos.
Product development remains our top priority. We take a customer-driven approach, shaping our roadmap based on direct feedback rather than theoretical assumptions. Our platform keeps evolving with new capabilities like Contract Discovery functionality, Supplier 360 views and pipeline dashboards that give unified visibility across procurement activities.
Every enhancement we build addresses real pain points that procurement teams face every day, which is what makes the difference between useful technology and technology that actually transforms how people work.
