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About Levelpath
Industries
Enterprise Software
AI & Machine Learning
Company Size
51-200
Company Stage
Series A
Total Funding
$44.5M
Headquarters
San Francisco, California
Founded
2022
Overview
Levelpath is an AI-powered procurement platform that helps businesses improve their purchasing processes and work better with their suppliers. The platform brings together workflows, data, people, and devices, allowing users to see all aspects of procurement in one place, accessible from any device. Its main feature, the Hyperbridge reasoning engine, gathers and enhances data from various sources, making business transactions quicker and clearer. Levelpath aims to help companies streamline their procurement, lower risks, and increase profits. Unlike its competitors, Levelpath offers a complete solution that integrates different parts of procurement, and it generates revenue through subscription fees and service charges.
Simplify's Take
What believers are saying
- AI-powered predictive analytics optimize supplier relationships and anticipate market trends.
- Recent $44.5M funding supports innovation and expansion in AI-driven procurement solutions.
- Hyperbridge architecture enhances business agility and productivity through enriched data insights.
What critics are saying
- Embedded finance solutions may reduce demand for separate procurement platforms like Levelpath.
- New competitors like Pivot could capture market share among startups and SMEs.
- Rapid generative AI advancements may outpace Levelpath's current AI capabilities.
What makes Levelpath unique
- Levelpath's Hyperbridge engine unifies procurement data, enhancing decision-making and collaboration.
- Integration with Coupa's platform reduces procurement cycle times by up to 60%.
- AI-driven platform offers a single view of procurement on any device, improving transparency.
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Funding
Total Funding
$44.5M
Above
Industry Average
Funded Over
2 Rounds
BenchmarkIndustry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
Paid Sick Leave
401(k) Retirement Plan
Commuter Benefits
Growth & Insights and Company News
6 month growth
↓ -4%1 year growth
↓ -2%2 year growth
↓ -2%The golden rule of work is often to keep personal and professional lives separate. But when it comes to payments, the seamless experiences and expectations that internal decision makers have in their personal lives are reshaping the B2B payments landscape. Embedded finance, the integration of financial services such as buy now, pay later (BNPL) within non-financial platforms, has emerged as a critical driver of change. As FinTech innovation seeps into the corporate landscape, B2B payments are shedding their bureaucratic layers, replacing paper checks and ACH transfers with embedded financial solutions that mirror consumer experiences. From eCommerce giants embedding lending options into their platforms to software-as-a-service (SaaS) providers offering real-time payment processing and other services, embedded finance is making finance invisible yet accessible, enabling businesses to focus on operations rather than payment frictions
Levelpath announced an integration that brings the procurement automation capabilities of its artificial intelligence-powered procurement platform to Coupa’s AI-native Total Spend Management Platform. The combination can help organizations streamline their operations and reduce their procurement cycle times by up to 60%, the company said in a Friday (March 14) press release. “Our Coupa integration empowers procurement teams to automate routine tasks, reduce cycle times and make data-driven decisions through real-time analytics and intelligent workflow automation,” Levelpath CEO and co-founder Alex Yakubovich said in the release
Levelpath launches AI procurement app on Coupa Marketplace.
New Reasoning Engine Fuels AI Platform for Unified Procurement ProcessSAN FRANCISCO, May 21, 2024 /PRNewswire/ -- Levelpath , the AI platform for unifying procurement, today unveils Hyperbridge, a new, proprietary AI reasoning engine that can ingest, understand, and connect data from various enterprise sources and publicly available datasets. By mapping relationships and extracting insights, it enriches procurement data with contextual intelligence from other business functions like legal, finance, security, and IT to optimize workflows.Making its debut at the Levelpath Connect customer conference on May 21-22 in San Francisco, Hyperbridge powers the company's procurement platform. Hyperbridge facilitates more informed decision-making, mitigates risks, improves cross-functional collaboration, and streamlines processes. Customers can expect Levelpath, with its Hyperbridge engine, to drive substantial productivity gains, significant cost savings from optimized supplier management, and enhanced business agility as procurement continues to evolve into a strategic catalyst.Recent research from Proxima, Bain & Co, has revealed that Fortune 500 companies' external supplier costs account for an average of 75% of their total spending and 65% of their revenue. Additionally, Fortune 500 and FTSE 350 companies could expect to see a 32% and a 27% surge in EBITDA, respectively, from just a 10% cut in supplier costs.1"A digital approach requires us to embrace new technology systems, data management, and sophisticated analysis. By leveraging AI and advanced analytics, we can transform procurement into a function that improves EBITDA margins, drives supply chain innovation, and enhances overall business agility," said Dr
Earlier this year, a big French tech company started requiring an email to the CEO for every purchase above €1,000. That’s because they didn’t have the right tool to manage procurement.Meet Pivot, a new French startup that wants to overhaul spend management solutions. Pivot wants to work with young companies that are growing fast and feel like they need a procurement solution. Instead of picking a legacy business spend management system from an ERP vendor, Pivot wants to be the first (and last) procurement system for these companies.At the helm of the startup, you will find three experienced co-founders. Romain Libeau was one of the first employees at Swile and more recently acted as the Chief Product Officer for the French unicorn. Marc-Antoine Lacroix has spent several years working for Qonto as the Chief Technology Officer and then Chief Product Officer
Levelpath is Hiring for 9 Jobs on Simplify!
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About Levelpath
Industries
Enterprise Software
AI & Machine Learning
Company Size
51-200
Company Stage
Series A
Total Funding
$44.5M
Headquarters
San Francisco, California
Founded
2022
Levelpath is Hiring for 9 Jobs on Simplify!
Find jobs on Simplify and start your career today