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LevaData provides a direct material sourcing platform that gives procurement and sourcing teams insights to reduce costs and improve supply continuity down to the manufacturer part level. It serves companies managing supply chains, using AI and integrated technologies for procurement resilience.
Also known as LevaData · LevaData Software Solutions Pvt Ltd · LevaData, Inc.
Investors · 2
How we know: Banneker Partners's portfolio page · funding news · press coverage · research · thesaasnews.com · Not right? Tell us
How we know: Tola Capital's portfolio page · press coverage · the VCSheet dataset · research · thesaasnews.com · Not right? Tell us
Funding
SEC filings, press & company announcements- Undisclosed amountSeries CSep 2021Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026LevaData, Inc. develops a supply management software platform that applies artificial intelligence to direct material sourcing. The platform is designed to help procurement and sourcing teams reduce costs, mitigate supply risk, improve supply continuity and accelerate new product development, with insights delivered down to the manufacturer part level. Earlier company descriptions referred to the offering as the LevaData Cognitive Sourcing platform, built to sense, recommend, act and learn, and combining AI, community intelligence and a supplier network.
Product capabilities marketed on the company's site span use cases such as data integrity, cost benchmarking, BOM optimization, location impact and supplier management, and solution modules including spend intelligence, savings insights, NPI BOM insights, location insights, part risk insights, alternate part insights, lead-time insights, supplier collaboration and supplier scorecards. The company positions its leadership team as executives with supply chain, manufacturing and procurement backgrounds from Fortune 500 and high-growth technology companies.
Founding story
Founder Rajesh Kalidindi previously managed strategic sourcing and supplier management at Cisco and Palm. While at a Fortune 500 networking company, he was asked by a general manager overseeing roughly $1 billion in spend to help improve gross margin through cost reduction. Rather than use traditional methods, he assembled internal and external data to drive negotiation insights, producing a 14% cost reduction versus a typical 8% and $16 million of incremental bottom-line impact. That result prompted him to build a repeatable system and company around the approach; the name LevaData refers to leveraging data.
Business model
Enterprise software provider selling a supply management/direct material sourcing platform to corporate procurement organizations; the website offers a free trial entry point alongside a supplier portal and login for existing customers.
Latest developments
Following the September 2021 Series C, the company's board includes investors from Banneker Partners (Terrance Bei, Harjot Sachdeva, Kenneth Frank) and Tola Capital (Aaron Fleishman), with Keith Hartley as CEO, Angel Mendez as Executive Chairman and Rajesh Kalidindi as founder and board member.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Positioned in AI-enabled procurement and direct material sourcing software; the founder has published on AI-enabled sourcing and procurement innovation through the Forbes Technology Council.
Technology
An AI-powered supply management platform that analyzes procurement objectives alongside real-time market activity to generate predictions and customized recommendations, combining artificial intelligence, community intelligence and a supplier network to identify opportunities and risks, recommend actions and assist with execution.
Go-to-market
Direct enterprise sales supported by a partnership community that includes Bain & Company, Kinaxis, IBM, PTC and RapidRatings, complemented by thought-leadership content such as reports, case studies, whitepapers, webinars and executive bylined articles.
Large and complex global enterprises with top-tier supply chain organizations, as well as small- and medium-sized OEMs seeking direct materials sourcing capabilities.
Geography
United States global headquarters in Pleasanton, California, with an India office in Hyderabad, Telangana; the company was previously described as based in Sunnyvale and San Jose, California.
History
The company was founded by Rajesh Kalidindi, who initially raised seed capital from individual backers before pursuing institutional venture funding. In a 2021 interview Kalidindi described the platform as having been built over roughly six years. LevaData was earlier described as headquartered in Sunnyvale, California and later in San Jose; its site now lists global headquarters in Pleasanton, California, plus an Indian entity in Hyderabad. In September 2021 the company raised a $47 million Series C led by Banneker Partners with Tola Capital participating. Leadership subsequently transitioned, with Keith Hartley serving as Chief Executive Officer, Angel Mendez as Executive Chairman and founder Rajesh Kalidindi on the board.
Compiled by commissioned research from 6 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 2
launches, deals, and filingsCompany website lists Keith Hartley as Chief Executive Officer and Angel Mendez as Executive Chairman, with founder Rajesh Kalidindi on the board of directors.
LevaData raised $47 million in Series C funding led by Banneker Partners with participation from Tola Capital, intended to accelerate growth.
$47M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 6
primary sources listed
- LevaData Raises $47 Million in Series Cthesaasnews.com · web
6 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Levadata do?
- LevaData provides an AI-based direct material sourcing and supply management platform for global manufacturers.
- Who are Levadata's investors?
- Levadata's investors include Banneker Partners, Tola Capital.