AI-native procurement platform Levelpath announced over $55 million in Series B funding led by Battery Ventures, bringing its total funding to $100 million. Other investors in this round include Redpoint Ventures, Benchmark, 01A, New View Capital, and World Innovation Lab.
Procurement, despite being the second-largest business expense after payroll, remains one of the least modernized functions within enterprises. Levelpath’s platform, featuring the proprietary Hyperbridge reasoning engine, offers intelligent automation through an AI-native design, addressing challenges that legacy solutions built before 2022 may struggle to support efficiently.
Historically, procurement systems have been hindered by outdated interfaces and workflows. Levelpath addresses these issues with an AI-native procurement platform designed for modern enterprise needs.
Since launching its platform after raising $44.5 million through Benchmark-led Seed and Redpoint-led Series A rounds, Levelpath has positioned itself as a leader in procurement modernization, offering an AI-native experience designed to deliver speed, transparency, and ROI on a large scale.
Levelpath’s AI Agents are integral to its platform, offering autonomous, strategic capabilities embedded directly into the system. These AI Agents, enriched with supplier-centric context, connect insights across critical processes.
These AI Agents are designed to operate autonomously and proactively, addressing real procurement challenges such as sourcing event creation, supplier onboarding, and risk assessments to enhance productivity. They provide more intelligent workflows, faster deployment, and predictable outcomes from the outset, enabling teams to benefit from improved decision-making and operational efficiency without extensive IT support.
Powered by Hyperbridge, Levelpath’s AI-native architecture ensures secure and compliant data handling while unifying model grounding, context management, and orchestration. This allows procurement teams to achieve greater efficiency and impact, with fewer resources, by leveraging relevant business contexts and routing queries to suitable large language models.
With the introduction of Levelpath’s AI Agents, the company continues its mission to modernize procurement using intelligent technology. As enterprises face increasing pressure to streamline procurement, AI-native tools like Levelpath Agents are expected to become essential infrastructure.
Levelpath plans to use the new funding to accelerate product development, expand its go-to-market team, and strengthen ecosystem partnerships to meet growing enterprise demand for AI-native procurement solutions. With early traction and strategic integrations, such as its inclusion in Coupa’s App Marketplace, Levelpath aims to set new standards in enterprise procurement.
New board member: As part of the funding, Battery Ventures General Partner Neeraj Agrawal will join Levelpath’s board of directors along with representatives from existing investors.
How the funding will be used: The new funding aims to accelerate Levelpath’s mission to improve how global enterprises manage procurement, which is typically the second-largest operational expense after payroll.
KEY QUOTES:
“Levelpath represents the future of enterprise procurement: intelligent, automated, and strategically aligned with business objectives. The team has built remarkable technology that delivers demonstrable value to some of the world’s largest companies. We are excited to partner with them as they scale to become the definitive procurement platform for global enterprises.”
Neeraj Agrawal
“Procurement touches every part of a business, yet it’s been held back by tools that fight against you instead of working with you. We didn’t retrofit old systems with AI. We reimagined what procurement could be when intelligence is built into every interaction.”
Alex Yakubovich, Co-founder and CEO of Levelpath
“AI is transforming how enterprises operate, and procurement is no exception. We’re not just building procurement tools, we’re building the intelligent infrastructure that turns procurement into a competitive edge that will radically accelerate productivity at scale.”
Stan Garber, Co-founder and President of Levelpath
