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Levelpath secures over $55 million in Series B funding to expand its AI-native procurement platform, bringing its total funding to more than $100 million. The company introduces autonomous AI Agents powered by its proprietary Hyperbridge engine to streamline complex procurement workflows. Backed by Battery Ventures and industry veteran Neeraj Agrawal, Levelpath aims to make enterprise procurement faster, more adaptive, and strategically aligned.
A Bold Bet on AI-Native Procurement
Levelpath has secured more than $55 million in Series B funding, bringing its total capital raised to over $100 million. The round is led by Battery Ventures, a firm with deep experience in enterprise software. This funding will support the company’s expansion efforts as it pushes its AI-native procurement platform deeper into the enterprise sector.
The company, founded in 2022, is focused on building procurement tools with AI at their foundation rather than applying AI to legacy systems. This approach underpins its strategy to simplify procurement workflows and enhance operational speed across global organizations.
Neeraj Agrawal, General Partner at Battery Ventures and former backer of Coupa, has joined Levelpath’s board of directors. His involvement reflects confidence in Levelpath’s trajectory and reinforces the company’s position in the evolving procurement technology landscape.
Why Enterprises Struggle With Traditional Procurement Tools
Procurement has long been dominated by legacy systems that are difficult to use, slow to manage, and complex to configure. These tools often require significant manual intervention and offer little flexibility when adapting to shifting business needs.
Levelpath was created to move beyond these outdated systems. By building an AI-native platform, the company aims to eliminate friction from procurement operations and replace rigid workflows with adaptive, intelligent systems capable of learning and improving over time.
What Makes Levelpath’s Platform AI-Native From Day One
The platform is built entirely on an AI-native foundation, not retrofitted with AI functionality. At its core is Hyperbridge, a proprietary reasoning engine that powers the entire procurement workflow.
Hyperbridge brings structured intelligence to every phase of procurement. It handles:
- Intelligent automation across decision points
- Context-aware adjustments based on user behavior and business needs
- Data models that improve with continued use
- Transparent logic that supports better governance and oversight
This architecture allows users to work more efficiently without compromising on compliance or visibility.
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Meet the AI Agents That Do the Work for You
Levelpath introduces AI Agents—autonomous capabilities designed to handle key procurement tasks. These agents perform high-impact functions such as:
- Creating sourcing events
- Managing supplier onboarding
- Conducting risk assessments
AI Agents are designed to operate independently of rigid rule-based systems. They respond dynamically to changes in real-time conditions, business priorities, or stakeholder feedback.
Preconfigured agents are available immediately, enabling teams to implement intelligent workflows without extensive IT intervention. Each agent is grounded in Hyperbridge’s architecture, which coordinates context management, model selection, and output optimization.
Backed by Industry Veterans With a Proven Track Record
The Series B round is led by Battery Ventures, with additional support from existing investors including Redpoint Ventures, Benchmark, 01A, NewView Capital, and World Innovation Lab.
Neeraj Agrawal brings extensive insight from the procurement space, having led Battery Ventures’ investment in Coupa. His role on Levelpath’s board adds strategic depth as the company scales its product and customer footprint.
Scaling for Speed, Strategy, and Seamless Integration
The new capital will be used to accelerate product development, expand go-to-market teams, and deepen technology integrations. Levelpath plans to enhance its platform capabilities while maintaining agility in responding to enterprise procurement needs.
The company is also increasing its presence in procurement ecosystems, with placement in Coupa’s App Marketplace. This integration enables clients to access Levelpath’s tools within platforms they already use, streamlining adoption and expanding functionality.
Why This Signals a New Chapter for Procurement Teams
Levelpath is focused on transforming procurement into a strategic function rather than a cost center. Its AI-native infrastructure equips procurement teams with tools to automate complex decisions, react quickly to change, and create operational value.
By combining autonomous agents, dynamic data handling, and a unified AI architecture, Levelpath aims to support enterprise procurement at scale. The company continues to invest in customer success, ecosystem growth, and platform intelligence to meet the demands of modern procurement operations.
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