Levelpath Secures $55M to Scale AI-Native Procurement Platform

Garber envisions a platform where employees can access a Salesforce-like dashboard for suppliers
According to Bain & Co. and Proxima, external supplier costs account for 75% of Fortune 500 spending and 65% of revenue, meaning even small improvements to procurement systems can unlock double-digit gains in EBITDA. Levelpath, a San Francisco-based startup, is taking aim at that inefficiency with an AI-native platform. The company just announced it had raised $55 million in Series B funding led by Battery Ventures, bringing its total funding to over $100 million in just three years. It also introduced a suite of autonomous AI Agents that perform procurement tasks independently, from on
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Picture of Mukundan Sivaraj
Mukundan Sivaraj
Mukundan is a writer and editor covering the AI startup ecosystem at AIM Media House. Reach out to him at mukundan.sivaraj@analyticsindiamag.com.
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