Levelpath, Inc.
Category: AI Infrastructure
An AI-native, mobile-first enterprise procurement platform designed to streamline purchasing processes, manage indirect spend, and increase operational efficiency. Levelpath, Inc. was founded in 2022. The company is led by Alex Yakubovich. Based in San Francisco, CA, USA. Team size: 51-100. Total funding raised: $100 million. Latest round: Series B, $55.0M, 2025-06, led by Battery Ventures. Key investors include Battery Ventures, Redpoint Ventures, Benchmark, NewView Capital, Menlo Ventures, WiL (World Innovation Lab), 01A.
- Founded
- 2022
- Headquarters
- San Francisco, CA, USA
- Team size
- 51-100
- Total funding
- $100 million
Value proposition
Delivers a user-friendly, AI-driven interface to unify procurement operations, analyze contracts, and recommend cost-saving alternatives, thereby increasing user adoption and reducing maverick spend.
Products and solutions
Intelligent intake and workflow orchestration, AI-powered contract analysis and vendor recommendations, Supplier onboarding and management, Project and sourcing tracking, Real-time spend and performance visibility
Unique value
Founded by a proven entrepreneurial team with a successful exit in the same industry (Scout RFP). The platform was designed from the ground up as mobile-first and deeply integrated generative AI from its inception.
Target customer
Global enterprises and their employees, including stakeholders in procurement, finance, legal, IT, security, and compliance.
Industries served
Hardware & Retail, Biotechnology/Pharmaceuticals, E-commerce, Media & Entertainment, Healthcare, Financial Services, Logistics, General Enterprise
Technology advantage
Utilizes a proprietary Hyperbridge reasoning engine and generative AI for unstructured data analysis within contracts to automatically recommend less expensive or similar products/services. Its intuitive, mobile-first user experience drives higher adoption compared to legacy systems.
How they differentiate
Levelpath differentiates through its modern, mobile-first UI/UX and native generative AI features, contrasting with the more complex and less intuitive architectures of legacy competitors like Coupa and SAP Ariba. It focuses on user adoption to solve procurement challenges.
Main competitors
Coupa, SAP Ariba, Arkestro, Zip, Oro Labs
Key partnerships
Launched an AI procurement app on the Coupa Marketplace
Notable customers
Ace Hardware, Amgen, Coupang, SiriusXM, Fortrea, GATX, SSM Health, Western Union, Qualtrics, Innovacare
Major milestones
Founded by the successful team behind Scout RFP after its $540M acquisition by Workday. Secured $44.5 million across Seed and Series A funding rounds. Launched publicly in September 2023. Secured $55+ million in a Series B funding round led by Battery Ventures in June 2025.
Growth metrics
The company targets a fourfold increase in revenue in 2025.
Market positioning
A well-funded challenger and disruptor targeting dissatisfied users of legacy enterprise procurement platforms by offering a more intuitive, AI-native solution.
Geographic focus
Primarily North America, with a focus on global enterprises.
Patents and IP
Information not publicly available.
About Alex Yakubovich
Alex Yakubovich is a seasoned entrepreneur and technology executive with extensive experience in the procurement and enterprise software industry. As the Co-Founder and CEO of Levelpath, he is leading the company's mission to create an AI-native, mobile-first procurement platform. Before Levelpath, Alex was the GM of Spend at Workday, a role he took on after Workday acquired Scout RFP, where he was a co-founder and served as VP of Technology and CTO. His career also includes leadership and engineering roles at companies like MobileIron, Intuit, and IBM, showcasing a strong background in software development and a deep understanding of the enterprise technology landscape.
Official website: https://www.levelpath.com/