Draft:Levelpath
Submission declined on 26 December 2025 by Fermiboson (talk).
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Comment: Sources are not WP:RS and/or are routine coverage. See WP:NCORP. Fermiboson (talk) 01:09, 26 December 2025 (UTC)
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| Company type | Private |
|---|---|
| Industry | Technology |
| Founders | Stan Garber, Alex Yakubovich |
| Headquarters | San Francisco , United States |
| Products | AI Procurement Software |
| Website | www |
Levelpath is an AI procurement software company that provides a cloud platform for managing enterprise purchasing and procurement processes. The company was co-founded by Alex Yakubovich and Stan Garber and is headquartered in San Francisco, California.
Levelpath is a privately owned, venture-capital funded company backed by Battery Ventures, Benchmark, Redpoint Ventures, (01.A), Menlo Ventures, NewView Capital and World Innovation Lab.
History
[edit]Levelpath was co-founded in 2022 by Stan Garber, President, and Alex Yakubovich, CEO. Garber and Yakubovich previously co-founded Scout RFP, which was acquired by Workday, Inc. for $540 million in 2019, and ONOSYS, an early online food ordering system later acquired by LivingSocial in 2012.[1]
Levelpath launched publicly in 2023 and develops AI procurement software for enterprise organizations.
In 2025, Levelpath was recognized as a sample vendor in Gartner’s Hype Cycle for Procurement and Sourcing Solutions.[2]
Funding
[edit]Levelpath raised a $14.5 million seed round, followed by a $30 million Series A in 2023, led by Benchmark and Redpoint Ventures.[3]
In June 2025, Levelpath raised $55 million in Series B funding led by Battery Ventures, with participation from existing investors including Benchmark and Redpoint Ventures.[4]
Technology
[edit]Levelpath’s platform is powered by its proprietary Hyperbridge reasoning engine, an AI-based system used to support procurement intake, workflow orchestration, and supplier management. The platform integrates automation and natural language processing to manage procurement requests across enterprise systems.[5]
References
[edit]- ^ Mark Scott (2019-11-06). "Founded By CWRU Alums, Scout RFP Sells for $540M". Smart Business Dealmakers.
- ^ Kaitlynn Sommers, Micky Keck, Lynne Phelan, Cian Curtin, Chaithanya Paradarami, Martin Shreffler (2025-06-30). "Hype Cycle for Procurement and Sourcing Solutions, 2025". Gartner.
{{cite news}}: CS1 maint: multiple names: authors list (link) - ^ Dan Anderson (2023-09-21). "Procurement Platform Company Raises $44.5 Million". Pulse 2.0.
- ^ Marina Temkin (2025-06-30). "Next-gen procurement platform Levelpath nabs $55M". TechCrunch.
- ^ Aaron McMillan (2024-05-24). "How Levelpath is Transforming Procurement with AI". Procurement Magazine.
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