Funds Exceeding $55 Million Amassed for Procurement Transformation in Businesses
Alex Yakubovich, Co-founder and CEO of Levelpath, has announced that the AI-native procurement platform is set to redefine enterprise procurement standards with its innovative approach. Unlike traditional methods that retrofit old systems with AI, Levelpath has reimagined procurement with intelligence built into every interaction.
The platform, powered by its proprietary Hyperbridge reasoning engine, boasts several key features that position it as a leader in modernizing enterprise procurement. These include an AI-Native Architecture, AI Front Door, Pipeline for Real-Time Project Visibility, AI Agents for Autonomous Operations, Unified Sourcing Intelligence and Collaboration, and more.
The AI-Native Architecture, for instance, allows the platform to intelligently route queries to the most relevant AI models, tailor outputs to specific organizational needs, and ensure secure and compliant data handling. The AI Front Door, on the other hand, offers an intuitive conversational interface that guides users through procurement workflows using natural language processing, eliminating complexity and friction.
Levelpath's AI Agents proactively handle specific procurement tasks such as sourcing event creation, supplier onboarding, and risk assessments. These agents connect insights across processes and are supplier-context aware, delivering smarter workflows, faster deployment, and predictable outcomes without the need for complex IT support.
Neeraj Agrawal, General Partner at Battery Ventures, which led the Series B funding round, stated that Levelpath represents the future of enterprise procurement. He added that AI is transforming how enterprises operate, and procurement is no exception. Levelpath is building the intelligent infrastructure to make procurement a competitive edge.
With the new funding, Levelpath plans to accelerate product development, expand its go-to-market team, and strengthen ecosystem partnerships. The funding round also saw the addition of Neeraj Agrawal to Levelpath's board of directors, along with representatives from existing investors.
Levelpath's mission is to improve how enterprises manage procurement, which is typically the second-largest operational expense after payroll. By modernizing this historically least modernized function within enterprises, Levelpath aims to help enterprises achieve significant reduction in complexity, increased operational efficiency, enhanced decision-making, improved internal customer satisfaction, and the ability to innovate rapidly.
The AI-native procurement platform has already seen early traction and strategic integrations, such as its inclusion in Coupa's App Marketplace. With its innovative approach and strategic partnerships, Levelpath is poised to revolutionize enterprise procurement and deliver measurable business outcomes and a superior procurement experience.
The AI-native procurement platform, powered by Levelpath, is not only revolutionizing enterprise procurement standards but also setting new benchmarks in business operations. By leveraging AI investments in its features like AI-Native Architecture and AI Agents, Levelpath aims to enhance finances by reducing complexity, improving operational efficiency, and fostering innovation.
