Levelpath
Product & Competitive Intelligence
AI-native procurement platform automating intake-to-pay for global enterprises.
Company Overview
Levelpath is a mobile-first procurement platform with embedded AI agents that unifies intake, sourcing, contracts, supplier risk, and payment workflows in one system. Serving customers across retail, healthcare, media, and financial services (Ace Hardware, Amgen, SSM Health, SiriusXM, Acrisure).
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What They're Building | Public Roadmap
Products the company has committed to building publicly.
AI Agent Orchestration Studio:
No-code builder that lets customers compose their own procurement agents without engineering support.
Intelligent Sourcing Agents:
Category strategy and supplier discovery automation built on the Hyperbridge reasoning engine.
Contract Intelligence:
Clause extraction, renewal tracking, and risk surfacing integrated with Ironclad and Docusign.
Supplier 360:
Unified supplier risk, performance, and relationship management surface.
AIOps Observability:
Internal reliability product applying predictive alerting and anomaly detection to the platform itself.
Competitive Landscape & Moat
The founders sold the last version of this company (Scout RFP) to Workday for $540M, which gives them direct knowledge of where the incumbent procurement suites are structurally weak and relationships with the buyers who use them. Combined with a mobile-first approach that legacy suites cannot retrofit and an agentic architecture built on frontier models rather than bolted-on ML, the moat is execution speed plus domain trust, not proprietary data.
Direct Competitors
Coupa:
Legacy full-suite incumbent with the deepest enterprise footprint but a pre-AI architecture that is hard to retrofit.
SAP Ariba:
Dominant in SAP ERP shops through distribution lock-in rather than product quality, which is exactly the weakness Levelpath targets.
Zip:
The closest modern competitor on intake-to-procure, larger and earlier to market but has stayed narrower on intake rather than pushing end-to-end procure-to-pay.
Founding Team
Alex Yakubovich
Co-Founder and CEO (ex-Scout RFP/Workday)
Stan Garber
Co-Founder and President (ex-Scout RFP)
Raimonds Samofals
Co-Founder and Engineering Lead (ex-Workday/Scout RFP)
Charles Giardina
VP Engineering (ex-Airbyte)
Founder Force Multiplier
Yakubovich and Garber already built, scaled, and exited a procurement software company to the largest enterprise HCM and financial vendor in the market, which means they know exactly which product gaps their acquirer left open and which enterprise buyers are locked into unhappy contracts. Pairing that commercial knowledge with Samofals on the engineering side (who built Scout RFP's platform and then scaled it inside Workday) is a rare case of founders rebuilding a category with full visibility into how the incumbent wins and loses.
Funding History
2022 | Company founded
2023 | $14.5M Seed led by Benchmark
2023 | $30M Series A led by Redpoint Ventures
2025 | $55M+ Series B led by Battery Ventures
