Latest news with #Levelpath
Business Wire
15-07-2025
- Business
- Business Wire
Levelpath Names Jerry Brooner as Chief Revenue Officer
SAN FRANCISCO--(BUSINESS WIRE)--Levelpath, the leading AI-native procurement platform, today announced Jerry Brooner as Chief Revenue Officer to accelerate the company's growth and market expansion. Brooner brings over 20 years of enterprise SaaS leadership experience to the role, with a proven track record of scaling revenue organizations through rapid growth phases and successful exits. Most recently, he served as President of Global Field Operations at Enable, a cloud-based SaaS solution, where he helped drive 20x revenue growth from Series A to Series E funding rounds. "Jerry's deep procurement expertise and revenue leadership make him the ideal CRO to help us scale our impact," said Stan Garber, President and Co-founder of Levelpath. "We have successfully built innovative solutions together before at Scout RFP, and I am excited to reunite our proven team as we transform how enterprises approach procurement." Prior to Enable, Brooner was Chief Revenue Officer at Scout RFP (acquired by Workday), where he led significant expansion in both revenue and customer base. His earlier experience includes scaling enterprise sales at Dropbox, SAP, Callidus (acquired by SAP) and Siebel Systems (acquired by Oracle). 'Levelpath is redefining procurement as a strategic advantage, where AI-native insights meet seamless collaboration to deliver measurable business impact," said Brooner. "I am excited to be back collaborating with our former Scout RFP executive team as we empower enterprises to move into intelligent procurement that drives growth, operational excellence and delight across the business.' Jerry joins Levelpath at a pivotal moment for the company, following several major milestones including: - Gartner® Hype Cycle™ Recognition: Levelpath was recognized as a Sample Vendor for both Generative AI for Procurement and Intake Management in the 2025 Gartner® Hype Cycle for Procurement and Sourcing Solutions, underscoring the company's leadership in redefining the future of procurement with AI-native technology. View research. - $55+ Million Series B Financing: The company recently secured a $55+ million Series B funding round led by Battery Ventures, fueling continued innovation and global expansion. As part of the funding, Battery's General Partner Neeraj Agrawal will join Levelpath's board of directors. Agrawal, who has made multiple appearances on the Forbes Midas List and coined the "T2D3" growth paradigm for SaaS businesses, previously led Battery's investment in Coupa, which went public in 2016 and was acquired for approximately $8 billion in 2023. View announcement. - AI Masterclass Series: Levelpath launched an AI Masterclass Series bringing together leading procurement innovators with SSM Health kicking off the series to demonstrate how organizations achieve transformational results through AI-native procurement solutions. The series recognizes that effective AI adoption extends beyond technology implementation, it requires strategic vision, operational mastery, and collaborative learning. Through monthly interactive sessions and peer engagement, participants explore how AI-native platforms are revolutionizing procurement's capacity to deliver measurable value, ensure compliance, and meet dynamic business requirements with unmatched agility. From emerging AI adopters to advanced practitioners, procurement professionals can leverage these masterclasses to transition from AI-curious explorers to AI-powered leaders, establishing their organizations as frontrunners in the intelligent procurement landscape. AI-Native Procurement Delivers Transformational Results Levelpath's AI-native platform is driving measurable business impact across leading organizations: InnovaCare unified procurement across 47 facilities, achieving 60% faster procurement cycles and consolidating 18% of overlapping contracts. The implementation saved the equivalent of two full-time employee salaries. Ace Hardware connected 16 distribution centers and empowered 1,000+ employees with mobile p rocurement access, achieving 100% adoption of Levelpath Intake Management. The organization succeeded with less headcount than originally budgeted in capacity. SSM Health revolutionized procurement across 23 hospitals, empowering 30,000+ employees to collaborate in real time. The platform enabled 20 dedicated professionals to efficiently manage 4,500+ contracts while saving 3,350+ hours on tariff contract reviews. Zendesk transformed procurement workflows into a unified, transparent process. This greatly improved visibility and collaboration, unlocking procurement's role as a strategic business driver. Congruex deployed the AI-native platform for intelligent negotiation and workflow automation. This enabled rapid scaling and proactive supplier management while setting new standards for procurement innovation. To learn more about Levelpath's AI-native procurement platform, join our Monthly Demo on Thursday, July 31st, at 8:30 am PT / 11:30 am ET. The 30-minute session will showcase how organizations are using AI-native architecture to reduce cycle times, automate manual processes, and scale procurement operations. Reserve your spot here. About Levelpath Levelpath is the leading AI-native procurement platform transforming how global enterprises manage indirect spend. Built from the ground up for the AI era, our platform unifies procurement operations through intelligent automation, featuring an intuitive stakeholder interface, advanced workflow orchestration, and our proprietary Hyperbridge reasoning engine that delivers real-time intelligence and complete visibility across all procurement activities. Trusted by leading Fortune enterprises worldwide, including Ace Hardware, Amgen, Coupang, Fortrea, GATX, SiriusXM, SSM Health, and Western Union, Levelpath's AI-native architecture enables organizations to collaborate smarter, operate faster, and scale procurement operations that drive measurable business value. Headquartered in San Francisco, Levelpath is backed by Battery, Benchmark, Redpoint Ventures, 01A, Menlo Ventures, NewView Capital, and World Innovation Lab. Learn more at or connect with us on LinkedIn.
Yahoo
08-07-2025
- Business
- Yahoo
Levelpath Recognized in the 2025 Gartner® Hype Cycle™ for Procurement and Sourcing Solutions
Levelpath named as a 2025 Sample Vendor for Generative AI and Intake Management Solutions SAN FRANCISCO, July 08, 2025--(BUSINESS WIRE)--Levelpath, the leader in AI-native procurement platforms, today announced its inclusion in the 2025 Gartner® Hype Cycle™ for Procurement and Sourcing Solutions. The company was recognized as a Sample Vendor for both Generative AI for Procurement and Intake Management, we believe validating Levelpath's pioneering role in transforming procurement through breakthrough AI innovation. The future of procurement is here, and it is intelligent. While procurement teams have struggled with fragmented data, manual processes, and complex workflows, Levelpath has reimagined what is possible. Built from the ground up for the AI era, their platform goes beyond simple automation by thinking, learning, and evolving with your enterprise. Procurement That Thinks for Itself Levelpath's proprietary Hyperbridge reasoning engine does not just process requests; it understands intent, predicts needs, and orchestrates complex workflows across your entire enterprise. Levelpath's results speak for themselves: Tenfold efficiency gains in sourcing and intake management Up to 70% operational efficiency gains $26 billion in enterprise spend managed through Levelpath Sixty percent reduction in cycle times through intelligent automation Complete visibility across all procurement activities in real-time The New Standard for Procurement Excellence In our opinion, the Gartner Sample Vendor inclusion validates what Levelpath customers already know: AI-native architecture delivers transformational results that retrofitted solutions simply cannot match. Here is how we feel Levelpath redefines procurement excellence: Conversational intelligence: Transform how your teams work. Natural language requests become intelligent actions. No training required. No complex interfaces. Just speak to your procurement platform as you would a trusted colleague. Autonomous operations: Levelpath's AI agents proactively manage supplier onboarding, conduct risk assessments, and ensure compliance before you even know there is an issue. Unified intelligence: One platform. One source of truth. Every supplier, every contract, every decision connected through intelligent automation that eliminates silos and accelerates outcomes. Beyond these core capabilities, Levelpath's AI-native architecture delivers specialized solutions that address procurement's most persistent challenges. Intake Management Revolutionized Levelpath transforms the procurement request experience from frustrating to effortless. Users describe what they need in plain English. The platform's AI interprets, validates, and routes requests through the right approvals automatically, ensuring compliance without compromising speed. "We believe this recognition reaffirms Levelpath's commitment to helping procurement teams navigate complexity with cutting-edge solutions that integrate technology, suppliers and business users," said Alex Yakubovich, CEO of Levelpath. "Our focus on AI-native innovation ensures procurement and the business remain competitive and future-ready in the evolving landscape." Trusted by Industry Leaders Fortune enterprises worldwide, including Ace Hardware, Amgen, Coupang, Fortrea, GATX, SiriusXM, SSM Health, and Western Union, have chosen Levelpath to transform their procurement operations. They have experienced rapid deployment, significant ROI and measurable improvements in productivity and efficiency. The competitive advantage of early AI adoption in procurement has never been clearer. Empowering Procurement Leaders Through AI Education Building on this recognition, Levelpath is launching an AI Masterclass series to accelerate AI adoption across the procurement community. The interactive sessions bring together procurement leaders from Fortune enterprises to share proven use cases, exchange best practices and transform AI curiosity into measurable results. From triaging intake requests in seconds to accelerating contract workflows, each monthly session offers attendees actionable playbooks they can implement immediately, creating a collaborative environment where procurement professionals can experiment, innovate and grow together. The Masterclass series addresses the reality that successful AI implementation in procurement requires more than technology, it demands strategic thinking, operational excellence and community learning. Through live Q&As and peer networking, participants gain insights into how AI is reshaping procurement's ability to deliver value, drive compliance and respond to business needs at unprecedented speed. Whether just beginning their AI journey or seeking to deepen expertise, procurement leaders are using these sessions to evolve from AI-curious operators into AI-powered champions, positioning their organizations for competitive advantage in the intelligent procurement era. Join Levelpath's monthly AI Masterclass series starting Friday, July 25th, featuring SSM Health and other Fortune enterprise leaders as they share proven AI procurement strategies and actionable playbooks you can implement immediately, learn more about this ongoing monthly series and register now to transform your procurement operations. To explore the full landscape of AI innovation in procurement and understand where these transformative technologies are heading, download a complimentary copy of the 2025 Gartner® Hype Cycle™ for Procurement and Sourcing Solutions to learn more about Levelpath's recognition. Gartner, Hype Cycle for Procurement and Sourcing Solutions, 2025, Kaitlynn Sommers, Micky Keck, Lynne Phelan, Cian Curtin, Chaithanya Paradarami, Martin Shreffler, 30 June 2025 *GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and HYPE CYCLE is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. About Levelpath Levelpath is the leading AI-native procurement platform transforming how global enterprises manage indirect spend. Built from the ground up for the AI era, our platform unifies procurement operations through intelligent automation, featuring an intuitive stakeholder interface, advanced workflow orchestration, and our proprietary Hyperbridge reasoning engine that delivers real-time intelligence and complete visibility across all procurement activities. Trusted by leading Fortune enterprises worldwide, including Ace Hardware, Amgen, Coupang, Fortrea, GATX, SiriusXM, SSM Health, and Western Union, Levelpath's AI-native architecture enables organizations to collaborate smarter, operate faster, and scale procurement operations that drive measurable business value. Headquartered in San Francisco, Levelpath is backed by Battery, Benchmark, Redpoint Ventures, 01A, Menlo Ventures, NewView Capital, and World Innovation Lab. Learn more at or connect with us on LinkedIn. View source version on Contacts Abby LewisPANBlast for Levelpathabby@
Business Wire
08-07-2025
- Business
- Business Wire
Levelpath Recognized in the 2025 Gartner® Hype Cycle™ for Procurement and Sourcing Solutions
SAN FRANCISCO--(BUSINESS WIRE)-- Levelpath, the leader in AI-native procurement platforms, today announced its inclusion in the 2025 Gartner® Hype Cycle™ for Procurement and Sourcing Solutions. The company was recognized as a Sample Vendor for both Generative AI for Procurement and Intake Management, we believe validating Levelpath's pioneering role in transforming procurement through breakthrough AI innovation. The future of procurement is here, and it is intelligent. While procurement teams have struggled with fragmented data, manual processes, and complex workflows, Levelpath has reimagined what is possible. Built from the ground up for the AI era, their platform goes beyond simple automation by thinking, learning, and evolving with your enterprise. Procurement That Thinks for Itself Levelpath's proprietary Hyperbridge reasoning engine does not just process requests; it understands intent, predicts needs, and orchestrates complex workflows across your entire enterprise. Levelpath's results speak for themselves: Tenfold efficiency gains in sourcing and intake management Up to 70% operational efficiency gains $26 billion in enterprise spend managed through Levelpath Sixty percent reduction in cycle times through intelligent automation Complete visibility across all procurement activities in real-time The New Standard for Procurement Excellence In our opinion, the Gartner Sample Vendor inclusion validates what Levelpath customers already know: AI-native architecture delivers transformational results that retrofitted solutions simply cannot match. Here is how we feel Levelpath redefines procurement excellence: Conversational intelligence: Transform how your teams work. Natural language requests become intelligent actions. No training required. No complex interfaces. Just speak to your procurement platform as you would a trusted colleague. Autonomous operations: Levelpath's AI agents proactively manage supplier onboarding, conduct risk assessments, and ensure compliance before you even know there is an issue. Unified intelligence: One platform. One source of truth. Every supplier, every contract, every decision connected through intelligent automation that eliminates silos and accelerates outcomes. Beyond these core capabilities, Levelpath's AI-native architecture delivers specialized solutions that address procurement's most persistent challenges. Intake Management Revolutionized Levelpath transforms the procurement request experience from frustrating to effortless. Users describe what they need in plain English. The platform's AI interprets, validates, and routes requests through the right approvals automatically, ensuring compliance without compromising speed. "We believe this recognition reaffirms Levelpath's commitment to helping procurement teams navigate complexity with cutting-edge solutions that integrate technology, suppliers and business users," said Alex Yakubovich, CEO of Levelpath. "Our focus on AI-native innovation ensures procurement and the business remain competitive and future-ready in the evolving landscape." Trusted by Industry Leaders Fortune enterprises worldwide, including Ace Hardware, Amgen, Coupang, Fortrea, GATX, SiriusXM, SSM Health, and Western Union, have chosen Levelpath to transform their procurement operations. They have experienced rapid deployment, significant ROI and measurable improvements in productivity and efficiency. The competitive advantage of early AI adoption in procurement has never been clearer. Empowering Procurement Leaders Through AI Education Building on this recognition, Levelpath is launching an AI Masterclass series to accelerate AI adoption across the procurement community. The interactive sessions bring together procurement leaders from Fortune enterprises to share proven use cases, exchange best practices and transform AI curiosity into measurable results. From triaging intake requests in seconds to accelerating contract workflows, each monthly session offers attendees actionable playbooks they can implement immediately, creating a collaborative environment where procurement professionals can experiment, innovate and grow together. The Masterclass series addresses the reality that successful AI implementation in procurement requires more than technology, it demands strategic thinking, operational excellence and community learning. Through live Q&As and peer networking, participants gain insights into how AI is reshaping procurement's ability to deliver value, drive compliance and respond to business needs at unprecedented speed. Whether just beginning their AI journey or seeking to deepen expertise, procurement leaders are using these sessions to evolve from AI-curious operators into AI-powered champions, positioning their organizations for competitive advantage in the intelligent procurement era. Join Levelpath's monthly AI Masterclass series starting Friday, July 25th, featuring SSM Health and other Fortune enterprise leaders as they share proven AI procurement strategies and actionable playbooks you can implement immediately, learn more about this ongoing monthly series and register now to transform your procurement operations. To explore the full landscape of AI innovation in procurement and understand where these transformative technologies are heading, download a complimentary copy of the 2025 Gartner® Hype Cycle™ for Procurement and Sourcing Solutions to learn more about Levelpath's recognition. Gartner, Hype Cycle for Procurement and Sourcing Solutions, 2025, Kaitlynn Sommers, Micky Keck, Lynne Phelan, Cian Curtin, Chaithanya Paradarami, Martin Shreffler, 30 June 2025 *GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and HYPE CYCLE is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. About Levelpath Levelpath is the leading AI-native procurement platform transforming how global enterprises manage indirect spend. Built from the ground up for the AI era, our platform unifies procurement operations through intelligent automation, featuring an intuitive stakeholder interface, advanced workflow orchestration, and our proprietary Hyperbridge reasoning engine that delivers real-time intelligence and complete visibility across all procurement activities. Trusted by leading Fortune enterprises worldwide, including Ace Hardware, Amgen, Coupang, Fortrea, GATX, SiriusXM, SSM Health, and Western Union, Levelpath's AI-native architecture enables organizations to collaborate smarter, operate faster, and scale procurement operations that drive measurable business value. Headquartered in San Francisco, Levelpath is backed by Battery, Benchmark, Redpoint Ventures, 01A, Menlo Ventures, NewView Capital, and World Innovation Lab. Learn more at or connect with us on LinkedIn.
Yahoo
30-06-2025
- Business
- Yahoo
Next-gen procurement platform Levelpath nabs $55M
Levelpath, a procurement software startup founded by the duo behind Scout RFP, has raised $55 million in Series B funding led by Battery Ventures as the company looks to quadruple its revenue this year. The funding round also saw participation from existing investors, including Benchmark, which led Levelpath's $14.5 million seed round, and Redpoint, the lead investor in the $30 million Series A round announced in 2023. The startup was founded by Stan Garber and Alex Yakubovich (pictured right), whose previous startup, Scout RFP, was acquired by Workday for $540 million in 2019. During their three years Yakubovich and Garber spent working at Workday, the two identified persistent procurement challenges that motivated them to build a mobile-first, user-friendly platform. Levelpath's timing proved fortitous; launching right as ChatGPT debuted has enabled the startup to integrate AI capabilities from its inception. This includes reviewing unstructured data in contracts and recommending less expensive, similar products and services. The company now counts Ace Hardware, Amgen, Coupang, and SiriusXM as customers. The investment signals confidence in Levelpath's fast growth and its potential to disrupt a market dominated by legacy players. Procurement software has long been controlled by outdated vendors like Coupa and Ariba, whose clunky systems often drive employees to bypass official processes. This 'rogue' spending using corporate credit cards frequently results in overspending and missed opportunities for bulk discounts, according to Battery Ventures general partner Neeraj Agarwal. In fact, procurement represents companies' second-largest expenditure after payroll, making software improvements particularly valuable. The procurement software market was valued at $7.3 billion annually in 2023, according to Fortune Business Insights. Although Levelpath is a newer and likely smaller player compared to its main competitors — including Zip, valued at $2.2 billion last fall, and Oro Labs, backed by Felicis — the company seems to have all the right ingredients, including Agrawal, who led Battery's Series B investment into Coupa and has joined Levelpath's board. Coupa, of course, grew into one of the most successful procurement companies of its era. It had a successful IPO in 2016 and eight years later, was taken private by PE firm Thoma Bravo for $8 billion. Agrawal, who likely understands what it takes to build a big business in this category, is equally impressed by Levelpath's technology and its founders. 'They have such a strong reputation for delivering product, being good people to work with, and doing what they say they're going to do,' Agrawal told TechCrunch. 'Customers want to work with them and help them build this next-generation product.' Yakubovich and Garber have been friends since attending high school in Ohio. They bonded over their shared heritage as immigrants from the former Soviet Union and a mutual interest in entrepreneurship. The pair have been working together for over 20 years, and their stated goal is to help customers enjoy, rather than avoid, using procurement software. While procurement might seem like a mundane business function, it offers a direct and significant return on investment by helping companies save money. 'It makes the cash register ring because of these savings,' Agrawal said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
TechCrunch
30-06-2025
- Business
- TechCrunch
Next-gen procurement platform Levelpath nabs $55M
Levelpath, a procurement software startup founded by the duo behind Scout RFP, has raised $55 million in Series B funding led by Battery Ventures as the company looks to quadruple its revenue this year. The funding round also saw participation from existing investors, including Benchmark, which led Levelpath's $14.5 million seed round, and Redpoint, the lead investor in the $30 million Series A round announced in 2023. The startup was founded by Stan Garber and Alex Yakubovich (pictured right), whose previous startup, Scout RFP, was acquired by Workday for $540 million in 2019. During their three years Yakubovich and Garber spent working at Workday, the two identified persistent procurement challenges that motivated them to build a mobile-first, user-friendly platform. Levelpath's timing proved fortitous; launching right as ChatGPT debuted has enabled the startup to integrate AI capabilities from its inception. This includes reviewing unstructured data in contracts and recommending less expensive, similar products and services. The company now counts Ace Hardware, Amgen, Coupang, and SiriusXM as customers. The investment signals confidence in Levelpath's fast growth and its potential to disrupt a market dominated by legacy players. Procurement software has long been controlled by outdated vendors like Coupa and Ariba, whose clunky systems often drive employees to bypass official processes. This 'rogue' spending using corporate credit cards frequently results in overspending and missed opportunities for bulk discounts, according to Battery Ventures general partner Neeraj Agarwal. In fact, procurement represents companies' second-largest expenditure after payroll, making software improvements particularly valuable. The procurement software market was valued at $7.3 billion annually in 2023, according to Fortune Business Insights. Although Levelpath is a newer and likely smaller player compared to its main competitors — including Zip, valued at $2.2 billion last fall, and Oro Labs, backed by Felicis — the company seems to have all the right ingredients, including Agrawal, who led Battery's Series B investment into Coupa and has joined Levelpath's board. Techcrunch event Save $450 on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Boston, MA | REGISTER NOW Coupa, of course, grew into one of the most successful procurement companies of its era. It had a successful IPO in 2016 and eight years later, was taken private by PE firm Thoma Bravo for $8 billion. Agrawal, who likely understands what it takes to build a big business in this category, is equally impressed by Levelpath's technology and its founders. 'They have such a strong reputation for delivering product, being good people to work with, and doing what they say they're going to do,' Agrawal told TechCrunch. 'Customers want to work with them and help them build this next-generation product.' Yakubovich and Garber have been friends since attending high school in Ohio. They bonded over their shared heritage as immigrants from the former Soviet Union and a mutual interest in entrepreneurship. The pair have been working together for over 20 years, and their stated goal is to help customers enjoy, rather than avoid, using procurement software. While procurement might seem like a mundane business function, it offers a direct and significant return on investment by helping companies save money. 'It makes the cash register ring because of these savings,' Agrawal said.
