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 onboarding suppliers to launching sourcing events.
The new capital and product release mark a critical inflection point for Levelpath, which now positions itself as the AI-native alternative to legac
Levelpath Secures $55M to Scale AI-Native Procurement Platform
- By Mukundan Sivaraj
- Published on
Garber envisions a platform where employees can access a Salesforce-like dashboard for suppliers
