Levelpath

Levelpath

AI-powered procurement platform for businesses

About Levelpath

Simplify's Rating
Why Levelpath is rated
C+
Rated D+ on Competitive Edge
Rated A on Growth Potential
Rated C on Rating Differentiation

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 stands out from competitors by offering a complete solution that integrates different parts of procurement, which helps companies reduce risks and increase profits. The goal of Levelpath is to streamline procurement processes for businesses, making them more efficient and effective.

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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

Notable Investors:
Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$30M
Kalshi
$30M
Levelpath

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

Headcount

6 month growth

-4%

1 year growth

0%

2 year growth

-2%
PYMNTS
Mar 17th, 2025
3 Ways Embedded Finance Solutions Are Remaking B2B Procurement

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

PYMNTS
Mar 14th, 2025
Levelpath Integrates Procurement Automation Capabilities With Coupa’S Spend Management Platform

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

Aitech365
Mar 13th, 2025
Levelpath Launches AI Procurement App on Coupa Marketplace

Levelpath launches AI procurement app on Coupa Marketplace.

PR Newswire
May 21st, 2024
Levelpath Unveils Hyperbridge Architecture, Revolutionizing Ai-Driven Procurement

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

TechCrunch
Oct 2nd, 2023
Procurement Is Painful, So Pivot Wants To Simplify It

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

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