Levelpath

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Levelpath is an AI-native procurement platform based in San Francisco, founded in 2022 by Alex Yakubovich, Stan Garber, Bryan Rosenstein, and Raimonds Samofals. Yakubovich and Garber previously built Scout RFP, which Workday acquired for five hundred forty million dollars, and they started Levelpath to reinvent procurement, typically a company's second largest expense after payroll, from an AI-native foundation rather than by bolting AI onto legacy systems. The company has raised roughly one hundred million dollars across a Benchmark led seed, a Redpoint led Series A, and a fifty five million dollar Series B led by Battery Ventures in 2025, with Menlo Ventures, NewView Capital, and World Innovation Lab also participating. Global brands including American Airlines, Amgen, Levi's, Teva Pharmaceuticals, Western Union, and Zendesk use the platform. Levelpath spans the intake to procure lifecycle, unifying intake, sourcing, contract management, supplier management, and risk in one system. Its AI Agents act autonomously and proactively: they run sourcing events and generate requests for proposal, qualify suppliers and surface the strongest option from historical data, scan the entire contract repository to answer questions with clause level precision and flag risks, and continuously monitor compliance signals across the supplier base to update risk profiles and notify stakeholders. The agents draw on the industry's first supplier graph and are powered by Hyperbridge, a proprietary reasoning engine that unifies model grounding, context management, and orchestration while routing each query to the most suitable large language model. Preconfigured agents ship out of the box, and an Agent Orchestration Studio lets teams build their own without heavy IT support. Levelpath positions itself as the modern, AI-native alternative to legacy suites like Coupa and Ariba, aimed at procurement teams that want speed, transparency, and adoption rather than complex configuration. It currently focuses on intake to procure rather than full procure to pay, with payment and ERP connections handled through native integrations and an open REST API. It is a strong fit for enterprises that want autonomous agents embedded across sourcing, contracts, and supplier risk. It is a weaker fit for teams needing full source to pay in one system today, or a self hosted deployment, which is not documented.