Levelpath Raises Additional $55+M to Bring AI-Native Procurement to the Enterprise

We are proud to announce that Levelpath has raised more than $55+ million in Series B funding, led by Battery Ventures, which brings our total capital raised to over $100 million. The new investment will accelerate our mission to modernize procurement and unlock strategic value for global enterprises.

In pursuit of that goal, we are also excited to introduce Levelpath’s AI Agents, autonomous capabilities that enable procurement teams to be proactive and outcome-driven. Levelpath’s AI Agents represent the next evolution of AI-native enterprise procurement.

Procurement has long been served by complex tools that were not built for the needs of modern businesses. These systems are often difficult to use, time-consuming to manage, and challenging to configure.

We wanted a platform that could break free from those constraints. Founding Levelpath in 2022, we were able to take advantage of the AI era and build an AI-native solution from the ground up. Instead of taking an existing system and bolting on AI after the fact, we focused on ways to weave intelligent automation, context-specific adaptations, and data models that learn over time into every aspect of the platform. 

Levelpath is powered by Hyperbridge, our proprietary reasoning engine that brings intelligence, speed, and transparency to every procurement workflow. This allows organizations to move faster, make better decisions, and drive greater impact. The result is the leading AI-native procurement platform built for the modern enterprise.

We are honored to partner with Battery Ventures for this next stage of growth. Their deep experience in enterprise software and long-term perspective make them an ideal partner. We are excited to have Neeraj Agrawal, General Partner at Battery Ventures and a trusted leader in the space, join our board of directors. Neeraj previously led Battery’s investment in Coupa and brings a wealth of insight to our mission.

In Neeraj’s words, “Levelpath represents the future of enterprise procurement: intelligent, automated, and strategically aligned with business objectives. The team has built remarkable technology that delivers demonstrable value to some of the world’s largest companies. We are excited to partner with them as they scale to become the definitive procurement platform for global enterprises.”

We are also grateful for the continued support of Redpoint Ventures, Benchmark, 01A, NewView Capital, and World Innovation Lab. Their belief in our vision has enabled us to build momentum and deliver a next-generation experience for enterprise procurement.

To continue building on our strong base of intelligent automation, Levelpath’s AI Agents are a new category of autonomous, outcome-driven capabilities. They are designed to solve complex procurement challenges without requiring manual intervention or rules-based automation.

At their core, Levelpath’s AI Agents are designed to act autonomously and proactively on behalf of users, solving real procurement challenges such as sourcing event creation, supplier onboarding, and risk assessments to drive exponential productivity. They empower procurement teams to create autonomous assistants that can solve complex procurement challenges and adjust based on real-time considerations, business requirement changes, and stakeholder requests. 

These agents do not simply support rigid and fragile task automation; they deliver smarter workflows, faster deployment, and predictable outcomes from day one. With preconfigured agents available out of the box, teams can immediately benefit from enhanced decision-making and operational efficiency without the need for complex IT support.

What truly sets Levelpath’s AI Agents apart is their foundation: they are powered by Hyperbridge, Levelpath’s AI-native architecture that unifies model grounding, context management, agent orchestration, and lifecycle oversight, ensuring seamless data connectivity and compliance-readiness from day one. From ensuring high-quality supplier data to accelerating analysis within the request workflow, Levelpath’s AI-native platform brings intelligence to every step of the procurement process. By identifying the relevant business context, routing queries to the most suitable large language models, and tailoring outputs to specific organizational needs, Levelpath empowers procurement teams to achieve greater efficiency and impact, with fewer resources. 

As foundational AI model vendors innovate on a weekly or monthly basis, Levelpath customers can reap the benefits of a platform-centric approach to stay technologically up-to-date while eliminating the need to conduct constant due diligence on the models, protocols, and integrations needed to make AI work.

We are entering this new phase of growth with continued focus and urgency. The new funding will support the acceleration of product development, expansion of our go-to-market team, and deepening of strategic integrations and partnerships.

Our goal is to elevate procurement from a cost center to a competitive advantage with an intelligent AI-native procurement infrastructure. We are not just building procurement tools, we are building the intelligent infrastructure that turns procurement into a competitive edge that will radically accelerate productivity at scale.

Levelpath will continue investing in customer success, platform capabilities, and our growing ecosystem. Our placement in Coupa’s App Marketplace is just one example of how we are working to integrate seamlessly into the broader procurement landscape.

To our customers: thank you for your trust, your feedback, and your unwavering partnership. You are the reason we do this work, and we are committed to delivering a delightful procurement experience that meets your goals today and well into the future.

To our team: thank you for your relentless pursuit of excellence and dedication to our customers. This milestone reflects your hard work, creativity, and belief in what procurement can become.

We are just at the beginning of what is possible.

– Alex and Stan

Read the official press release here.