User:Hyounpark/Levelpath
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| Company type | Corporation |
|---|---|
| Industry | Enterprise Software |
| Founded | 2022 San Francisco, California, U.S. |
| Founders |
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| Headquarters | San Francisco, California , U.S. |
Area served | Worldwide |
| Products | Artificial Intelligence engine Procurement Orchestration Contract Management Strategic Sourcing Project Pipeline |
| Website | levelpath |
Levelpath, Inc. is an American computer software company founded by Alex Yakubovich and Stan Garber in 2022 in San Francisco, California. Levelpath accelerates enterprise procurement as an AI-native platform designed specifically to align complex sourcing and procurement events with natural-language-based generative and copilot AI.
History
[edit]Levelpath is an enterprise procurement and purchasing management technology solution built to support AI-native procurement capabilities. Headquartered in San Francisco, California with offices in Colorado and Riga, Latvia, Levelpath was founded by Alex Yakubovich and Stan Garber, the co-founders of ScoutRFP, after Workday's $540 million acquisition of ScoutRFP in 2019.[1][2]
Levelpath is designed to be an AI-native solution architected alongside the evolution of generative AI to "delight" [3] employees facing complex purchase events and maximize the quality of sourcing activities and outcomes.
To support an AI-native procurement solution, Levelpath developed the Hyperbridge reasoning engine [4], which uses a variety of large language models and AI orchestration capabilities to map, understand, and connect data from a variety of enterprise sources. This reasoning engine augments and enriches procurement data with context from other departments and stakeholders, such as legal, financial, security, and technical buyers to accelerate and improve sourcing activities.
Levelpath is functionally used as a procurement automation solution, both as a standalone technology and partnering with spend management solutions such as Coupa.[5]
Currently, Levelpath supports functional capabilities across several major procurement areas:
- Front Door to Procure (Orchestration)
- Contracts (Contract Execution, Renewal, and Compliance)
- Sourcing (AI-Accelerated Sourcing and RFPs), and
- Pipeline (Project Pipeline and Savings)
Funding
[edit]Levelpath has raised a seed round of $14.5 million in 2022 led by Benchmark and a subsequent Series A round of $30 million in 2023 led by Redpoint Ventures. Levelpath's current investors include Redpoint Ventures, Benchmark, NewView Capital, World Innovation Lab (WiL), and Menlo Ventures. [6]
See Also
[edit]Expediting
Procurement
Purchasing
Strategic Sourcing
References
[edit]- ^ "EX-99.1". www.sec.gov.
- ^ Miller, Ron (November 4, 2019). "Workday to acquire online procurement platform Scout RFP for $540M".
- ^ "Why do enterprises make it so hard for employees to buy stuff? Levelpath looks for a simpler way". diginomica.com. October 5, 2023.
- ^ McMillan, Aaron (May 24, 2024). "How Levelpath is Transforming Procurement with AI". procurementmag.com.
- ^ Yuva, John (April 9, 2025). "Technology Round-Up — April 9, 2025". CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.
- ^ "Levelpath Secures $44.5 Million in Funding for AI-Powered Procurement Platform". September 18, 2023.