LevaData provides an integrated, AI-driven supply management platform that delivers predictive insights for direct material sourcing and new product development. The platform analyzes business objectives against real-time market activity and community intelligence to help sourcing and procurement teams act before cost or events harm margins or speed to market. LevaData emphasizes multi-tier supplier engagement and quick collaboration tools to improve margins, control risk, and increase product velocity. Many of the world’s largest brands, as well as small- and medium-sized OEMs, are customers. The company reported significant global revenue growth during the first half of 2021. LevaData plans to continue platform buildout, expand its partnership community, and scale operations to deliver more value to buyers, suppliers, and partners. LevaData sells the Cognitive Sourcing™ platform and its flagship AI sourcing advisor, Leva, to help customers sense, recommend, act, and learn for direct materials sourcing. The platform targets high-tech and manufacturing customers and serves procurement, supply chain, engineering, and finance organizations across Fortune 1000 and mid-sized OEMs. LevaData claims to guarantee 10–30% incremental cost savings for its customers and has a stated plan to deliver $20 billion in verifiable value by 2022. The company has been recognized by Gartner (2018 Cool Vendor), Spend Matters (50 Providers to Watch), and received an SDCE Top 100 award. LevaData plans product and capability expansion into industrial equipment and medical devices, and to grow its engineering presence in Silicon Valley while advancing data science and engineering innovation. LevaData offers a Cognitive Sourcing Platform that leverages AI, consolidated spend analytics, commodity category trends, community benchmarking, and predictive insights to help procurement and sourcing teams identify risks and sustainable cost‑savings. The platform is purpose‑built for sourcing, supply chain, and product engineering professionals to make part and supplier choices, optimize costs, and reduce risk. LevaData emphasizes its roots in supply chain operations and brings advanced optimization, big data, and network collaboration technologies to market. Leadership includes founder and CEO Rajesh Kalidindi and senior executives with decades of supply chain analytics experience. The company is privately held and headquartered in Sunnyvale, Calif. LevaData says it will use the new funding to continue investing in its AI‑enabled sourcing solution to improve sourcing and procurement decisions.

Total raised

$64M

Funding rounds

3

Latest round

Series C

Latest activity

Sep 2021