Most enterprise software gets built by people who have never had to use it. That shows. Procurement tools, in particular, have a long history of being technically capable and genuinely painful to work in systems that check the feature boxes but slow people down the moment they try to get something done.
Alex Yakubovich has seen that problem from both sides, and Levelpath is his answer to it.
The San Francisco-based company describes itself as AI-native, not a legacy platform with AI features bolted on afterwards, but a system designed from the beginning around artificial intelligence as the core operating layer.
The distinction changes what the software can actually do. AI that is embedded in the architecture can reason across the entire procurement workflow. AI that is added as a feature layer sits on top of data it was never designed to fully understand.
The engine behind Levelpath’s AI capability is called Hyperbridge, a reasoning architecture the company unveiled in 2024.
It powers the platform’s ability to connect data across sourcing, contracts, purchasing, supplier management, and invoicing, and to surface the right information at the right moment without requiring users to go looking for it.
The platform is also mobile-first, which is a meaningful departure from most enterprise procurement tools that were built for desktop workflows and retrofitted for mobile as an afterthought.
Every procurement team we have ever spoken to wants the same thing: less time fighting the system and more time doing work that actually matters. That’s what we built Levelpath around. The AI does the heavy lifting so people can focus on the decisions only they can make.— Alex Yakubovich, Co-Founder & CEO
The platform covers the procurement lifecycle end to end, including intake management, sourcing, contract lifecycle management, supplier management, purchasing, and invoice automation.
In December 2024, Levelpath extended its platform to include invoice automation specifically designed to protect financial accuracy and capture negotiated savings from receipt through to payment.
A Contract Discovery Agent, launched more recently, brings AI-powered intelligence to contract analysis, surfacing risk indicators and key clauses without manual review.
Levelpath also launched an Agent Orchestration Studio, giving procurement teams a way to build and deploy AI agents across their workflows without requiring engineering resources.
The direction the company is moving is toward agentic procurement, where AI agents handle routine tasks autonomously, freeing procurement professionals to focus on decisions that require human judgment.
Levelpath raised $44.5 million across a Benchmark-led seed round and a Redpoint Ventures-led Series A. It was recognized in the 2025 Gartner Procurement Orchestration Platforms Report, listed as a Sample Vendor in the Gartner Hype Cycle for Procurement and Sourcing Solutions in 2024, and included in the ProcureTech100 2025/26 Yearbook.
It also joined the Coupa App Marketplace as a certified AI-powered procurement solution and formally integrated its capabilities with Coupa’s spend management platform in early 2025.
The client results coming out of Levelpath deployments are concrete. A healthcare organization is using AI agents to identify and manage supplier risk across contracts at a speed that was not possible with manual review. A financial services company, navigating the complexity of a large-scale merger, used Levelpath to unify multiple contract lifecycle management systems into a single connected procurement environment.
The platform’s sourcing capability has been reported to deliver efficiency gains of up to ten times compared to traditional approaches.
Procurement has spent years being told it needs to become more strategic. Levelpath is one of the few platforms actually built to make that possible by handling the transactional work automatically.