Levelpath uses AI to automate the 'ugh' work that dogs enterprise procurement

Founded around the same time that ChatGPT and generative AI burst onto the scene, Levelpath offers an AI-native procurement platform that's gaining ground in the enterprise market. This summer the company raised a $55+ million Series B funding round to further its product development and growth momentum, and now has more than fifty customers. It's getting easier to pitch the AI-native solution as corporate awareness of AI's potential grows, says Alex Yakubovich, its CTO and co-Founder. He tells me:

A year ago, we would be like, 'We're an AI-native procurement company,' and we would go into these large enterprises, and they were like, 'That's very interesting, but we're not comfortable with that.' But this year, they're seeing our platform, and we go in with the AI-native procurement company message, and companies are like, 'That's what we need, because we're looking to ...