Mar 31, 2025
Procurement Startup LightSource Emerges from Stealth with $33M to Modernize Sourcing with AI
LightSource, an AI-native enterprise procurement platform, has officially launched with $33 million in funding, seeing a 10x ARR increase over 18 months and contracts with major enterprises.
Procurement Startup LightSource Emerges from Stealth with $33M to Modernize Sourcing with AI
SAN FRANCISCO, CA – March 31, 2025 LightSource Labs Inc., an AI-native
enterprise procurement platform, today
after operating in stealth mode, accompanied by a significant $33 million
combined seed and Series A funding round at a $130 million valuation.
The investment, co-led by prominent venture capital firms Lightspeed Venture
Partners and Bain Capital Ventures (BCV), with participation from J2 Ventures,
is set to fuel the scaling of LightSource's innovative platform. The platform is
designed to modernize both strategic and direct material sourcing through the
application of artificial intelligence.
This substantial funding arrives as LightSource demonstrates considerable market
traction, reportedly achieving a remarkable 10x increase in its annual recurring
revenue (ARR) over the preceding 18 months.
The company has already secured contracts with major enterprises across various
industries, including Yum! Brands, Bombardier Recreational Products (BRP), Serta
Simmons Bedding, Hello Fresh, and Shure.
Addressing a Critical Yet Underserved Function within Procurement
Despite the central role procurement plays in managing billions of dollars in
enterprise spending, the industry has historically lagged in technological
adoption, particularly within direct sourcing – the acquisition of materials
directly used in producing a company's products.
Anoushka Vaswani, partner at Lightspeed Venture Partners,
stating, "Procurement is one of the most critical functions in many enterprises
but the lionshare of procurement teams manage this process manually, leaving
millions of dollars of savings on the table."
Lightspeed's research indicates that "approximately 70% of procurement teams do
not use any software tools for sourcing and continue to manage increasingly
complex processes manually," with their internal data suggesting around 75% lack
dedicated sourcing software.
Spencer Penn, co-founder and CEO of LightSource, drew upon his experiences at
Tesla during the critical Model 3 production ramp-up to illustrate the
challenges of this manual reliance: "Often these teams rely on 'hundreds of
disparate processes and information that’s stuck in thousands of emails,
spreadsheets and randomly formatted invoices and contracts.'" He further
elaborated, "I sourced millions of parts for the Model 3 with email chains that
contained hundreds of messages. As we neared production, I knew there had to be
a better way."
Ajay Agarwal, partner at Bain Capital Ventures,
emphasized the sheer scale of this challenge,
particularly for large manufacturers: "Imagine trying to keep 10,000 ingredients
or parts and their suppliers organized using email and spreadsheets... it’s
common for an automotive OEM to maintain a roster of 18,000 suppliers that
provide 20,000 parts... They're trying to keep it all organized and moving with
near-analog solutions... out of pure necessity, rather than preference, because
historically, there hasn’t been a better solution."
Penn clarified that while some technological advancements have occurred in areas
like "tactical" or 'tail spend'," LightSource's ambition is much broader:
"LightSource is the first modern platform to finally deliver on the promise of
digitalization for the core Direct and Strategic Indirect sourcing which makes
up 60 to 90% of the P&L."
LightSource: An AI-Powered "Operating System" for Sourcing
LightSource is designed as
for both buyers and suppliers.
For buyers, the platform aims to automate key tasks such as identifying
potential suppliers, managing requests for quotes (RFQs), efficiently comparing
bids, and fostering seamless team collaboration.
Simultaneously, for suppliers, LightSource simplifies the process of reviewing
RFQs and responding with competitive quotes, thereby facilitating new business
acquisition.
Idan Mintz, co-founder and CTO of LightSource, a former engineer at Google and
Google X,
described the platform's comprehensive vision,
referring to it as "a kind of 'operating system' for procurement."
He elaborated on the technical objectives: “We’re working to deliver a platform
that nukes the use of outdated software, reliance on analog digital systems and
legacy problems plaguing procurement and sourcing. In order to do this, we need
to deliver solid UX while unlocking data interoperability and AI-powered
functionality..."
Agarwal specifically highlighted LightSource's "AI capabilities for
data-interoperability" as a critical differentiator, poised to "fundamentally
shift procurement into the modern era." This advanced capability enables users
to effortlessly standardize and compare quotes received in a multitude of
formats, including emails, PDFs, and spreadsheets, with granular visibility down
to the Bill of Materials (BOM) level.
Early Customer Success and Tangible Impact
Early adopters of the LightSource platform
have already reported significant operational and financial benefits.
Roger Larsh, Chief Procurement Officer of Yum! Brands' supply chain arm RSCS,
shared, “LightSource has delivered faster decision-making and meaningful cost
improvements... We’ve seen strong adoption across our team thanks to easy
usability and rapid time-to-value, and we’re proud to help LightSource lead the
way transforming our industry.”
Jorge Lopez-Vessena, manager of global sourcing at Bombardier Recreational
Products (BRP), added his positive experience: “LightSource has impressed us
with a deep understanding of our needs paired with thoughtful proactivity... Now
our procurement and engineering teams can work quickly with our suppliers,
making sourcing faster, easier and far more collaborative while freeing us from
manual processes, spreadsheet agony and endless email threads.”
LightSource reports that since 2024, over $1 billion in spend has been processed
through its platform, facilitating more than 1,100 sourcing events.
Navigating Tariff Uncertainty with Modern Procurement Tools
The announcement of LightSource's successful funding round comes at a crucial
time, coinciding with increasing global trade tensions and the potential for new
tariff implementations.
As
Lora Kolodny reported for CNBC,
President Trump's plans for "reciprocal tariffs" and specific duties on imported
cars underscore the growing volatility in international trade.
While LightSource's funding wasn't specifically timed around these events, the
current climate highlights the escalating need for
robust and agile procurement tools.
"Tariffs and trade winds are shifting so fast, it’s enough to make your head
spin," commented Agarwal. "For a company with hundreds or thousands of different
parts and suppliers — even just understanding what the impact will be on their
whole enterprise is unbelievable."
BCV's analysis further emphasizes that relying on outdated manual processes
leaves companies "vulnerable to disruptions in the global trade landscape,"
forcing difficult choices between absorbing increased costs or urgently seeking
new suppliers.
This environment underscores the critical need for software solutions that
provide "real-time visibility into supply chains, enable scenario planning and
facilitate agile decision-making."
Mintz also acknowledged that various disruptions, including pandemics, natural
disasters, and "a major shift in tariffs and trade policy," can severely impact
profit margins and delivery capabilities.
Strong Investor Confidence and a Vision for the Future
Investors have expressed strong confidence in both the significant market
opportunity and the exceptional LightSource team.
Vaswani of Lightspeed Venture Partners praised the "user love they have garnered
from Fortune 500 companies and the versatility of the platform," adding, "We
believe LightSource has a compelling vision, strong team and impressive
execution function to become the end-to-end platform for procurement teams.”
Agarwal from Bain Capital Ventures echoed this sentiment, stating that BCV is
"glad to support Idan, Spencer and the rest of the LightSource team as they
become the default operating system for procurement and sourcing on a global
scale.”
Alexander Harstrick of J2 Ventures lauded the platform as "uniquely exceptional
because of its deep AI integration and its specific aim to fix the previously
intractable inefficiencies," positioning LightSource "as a leader in the next
generation of AI-powered procurement."
Jamie Goldstein, founding partner at Pillar VC, further reinforced this belief,
noting, "With LightSource, Spencer and Idan have created the world-class
software platform that procurement officers need to do their jobs."
Looking to the future, Penn articulated the company's ambitious goals: “We want
to make the easy things easier and the hard things possible by scaling our
AI-powered solutions and converting procurement from a necessary evil to a
critical business driver.”
The company intends to utilize the
newly secured funding to scale its talented teams,
further enhance the platform's capabilities, expand its reach into new sectors
such as industrial chemicals and pharmaceuticals, and ultimately solidify its
position as a strategic data repository connecting buyers and sellers across the
globe.
In reflecting on the company's genesis and its future trajectory, Penn
concluded, "The global supply chain has been thrust into the spotlight in recent
years, exposing its vulnerabilities but also inciting a wave of new technologies
like AI to strengthen this critical industry... We look forward to partnering
with Lightspeed, Bain Capital Ventures, and J2 to scale our AI-powered solutions
and help procurement leapfrog technologically ahead by decades."
Helpful Questions Answered about Procurement Software in this Blog Post
What AI-powered SaaS procurement platforms have recently received funding?
Which venture capital firms are investing in LightSource’s AI procurement
software?
How is AI being used to modernize procurement processes?
What challenges do procurement teams face that AI can solve?
How can AI-powered procurement tools help companies navigate tariff
uncertainty?
What are some benefits of using AI-powered procurement software?
Procurement Startup LightSource Emerges from Stealth with $33M to Modernize Sourcing with AI
SAN FRANCISCO, CA – March 31, 2025 LightSource Labs Inc., an AI-native
enterprise procurement platform, today
after operating in stealth mode, accompanied by a significant $33 million
combined seed and Series A funding round at a $130 million valuation.
The investment, co-led by prominent venture capital firms Lightspeed Venture
Partners and Bain Capital Ventures (BCV), with participation from J2 Ventures,
is set to fuel the scaling of LightSource's innovative platform. The platform is
designed to modernize both strategic and direct material sourcing through the
application of artificial intelligence.
This substantial funding arrives as LightSource demonstrates considerable market
traction, reportedly achieving a remarkable 10x increase in its annual recurring
revenue (ARR) over the preceding 18 months.
The company has already secured contracts with major enterprises across various
industries, including Yum! Brands, Bombardier Recreational Products (BRP), Serta
Simmons Bedding, Hello Fresh, and Shure.
Addressing a Critical Yet Underserved Function within Procurement
Despite the central role procurement plays in managing billions of dollars in
enterprise spending, the industry has historically lagged in technological
adoption, particularly within direct sourcing – the acquisition of materials
directly used in producing a company's products.
Anoushka Vaswani, partner at Lightspeed Venture Partners,
stating, "Procurement is one of the most critical functions in many enterprises
but the lionshare of procurement teams manage this process manually, leaving
millions of dollars of savings on the table."
Lightspeed's research indicates that "approximately 70% of procurement teams do
not use any software tools for sourcing and continue to manage increasingly
complex processes manually," with their internal data suggesting around 75% lack
dedicated sourcing software.
Spencer Penn, co-founder and CEO of LightSource, drew upon his experiences at
Tesla during the critical Model 3 production ramp-up to illustrate the
challenges of this manual reliance: "Often these teams rely on 'hundreds of
disparate processes and information that’s stuck in thousands of emails,
spreadsheets and randomly formatted invoices and contracts.'" He further
elaborated, "I sourced millions of parts for the Model 3 with email chains that
contained hundreds of messages. As we neared production, I knew there had to be
a better way."
Ajay Agarwal, partner at Bain Capital Ventures,
emphasized the sheer scale of this challenge,
particularly for large manufacturers: "Imagine trying to keep 10,000 ingredients
or parts and their suppliers organized using email and spreadsheets... it’s
common for an automotive OEM to maintain a roster of 18,000 suppliers that
provide 20,000 parts... They're trying to keep it all organized and moving with
near-analog solutions... out of pure necessity, rather than preference, because
historically, there hasn’t been a better solution."
Penn clarified that while some technological advancements have occurred in areas
like "tactical" or 'tail spend'," LightSource's ambition is much broader:
"LightSource is the first modern platform to finally deliver on the promise of
digitalization for the core Direct and Strategic Indirect sourcing which makes
up 60 to 90% of the P&L."
LightSource: An AI-Powered "Operating System" for Sourcing
LightSource is designed as
for both buyers and suppliers.
For buyers, the platform aims to automate key tasks such as identifying
potential suppliers, managing requests for quotes (RFQs), efficiently comparing
bids, and fostering seamless team collaboration.
Simultaneously, for suppliers, LightSource simplifies the process of reviewing
RFQs and responding with competitive quotes, thereby facilitating new business
acquisition.
Idan Mintz, co-founder and CTO of LightSource, a former engineer at Google and
Google X,
described the platform's comprehensive vision,
referring to it as "a kind of 'operating system' for procurement."
He elaborated on the technical objectives: “We’re working to deliver a platform
that nukes the use of outdated software, reliance on analog digital systems and
legacy problems plaguing procurement and sourcing. In order to do this, we need
to deliver solid UX while unlocking data interoperability and AI-powered
functionality..."
Agarwal specifically highlighted LightSource's "AI capabilities for
data-interoperability" as a critical differentiator, poised to "fundamentally
shift procurement into the modern era." This advanced capability enables users
to effortlessly standardize and compare quotes received in a multitude of
formats, including emails, PDFs, and spreadsheets, with granular visibility down
to the Bill of Materials (BOM) level.
Early Customer Success and Tangible Impact
Early adopters of the LightSource platform
have already reported significant operational and financial benefits.
Roger Larsh, Chief Procurement Officer of Yum! Brands' supply chain arm RSCS,
shared, “LightSource has delivered faster decision-making and meaningful cost
improvements... We’ve seen strong adoption across our team thanks to easy
usability and rapid time-to-value, and we’re proud to help LightSource lead the
way transforming our industry.”
Jorge Lopez-Vessena, manager of global sourcing at Bombardier Recreational
Products (BRP), added his positive experience: “LightSource has impressed us
with a deep understanding of our needs paired with thoughtful proactivity... Now
our procurement and engineering teams can work quickly with our suppliers,
making sourcing faster, easier and far more collaborative while freeing us from
manual processes, spreadsheet agony and endless email threads.”
LightSource reports that since 2024, over $1 billion in spend has been processed
through its platform, facilitating more than 1,100 sourcing events.
Navigating Tariff Uncertainty with Modern Procurement Tools
The announcement of LightSource's successful funding round comes at a crucial
time, coinciding with increasing global trade tensions and the potential for new
tariff implementations.
As
Lora Kolodny reported for CNBC,
President Trump's plans for "reciprocal tariffs" and specific duties on imported
cars underscore the growing volatility in international trade.
While LightSource's funding wasn't specifically timed around these events, the
current climate highlights the escalating need for
robust and agile procurement tools.
"Tariffs and trade winds are shifting so fast, it’s enough to make your head
spin," commented Agarwal. "For a company with hundreds or thousands of different
parts and suppliers — even just understanding what the impact will be on their
whole enterprise is unbelievable."
BCV's analysis further emphasizes that relying on outdated manual processes
leaves companies "vulnerable to disruptions in the global trade landscape,"
forcing difficult choices between absorbing increased costs or urgently seeking
new suppliers.
This environment underscores the critical need for software solutions that
provide "real-time visibility into supply chains, enable scenario planning and
facilitate agile decision-making."
Mintz also acknowledged that various disruptions, including pandemics, natural
disasters, and "a major shift in tariffs and trade policy," can severely impact
profit margins and delivery capabilities.
Strong Investor Confidence and a Vision for the Future
Investors have expressed strong confidence in both the significant market
opportunity and the exceptional LightSource team.
Vaswani of Lightspeed Venture Partners praised the "user love they have garnered
from Fortune 500 companies and the versatility of the platform," adding, "We
believe LightSource has a compelling vision, strong team and impressive
execution function to become the end-to-end platform for procurement teams.”
Agarwal from Bain Capital Ventures echoed this sentiment, stating that BCV is
"glad to support Idan, Spencer and the rest of the LightSource team as they
become the default operating system for procurement and sourcing on a global
scale.”
Alexander Harstrick of J2 Ventures lauded the platform as "uniquely exceptional
because of its deep AI integration and its specific aim to fix the previously
intractable inefficiencies," positioning LightSource "as a leader in the next
generation of AI-powered procurement."
Jamie Goldstein, founding partner at Pillar VC, further reinforced this belief,
noting, "With LightSource, Spencer and Idan have created the world-class
software platform that procurement officers need to do their jobs."
Looking to the future, Penn articulated the company's ambitious goals: “We want
to make the easy things easier and the hard things possible by scaling our
AI-powered solutions and converting procurement from a necessary evil to a
critical business driver.”
The company intends to utilize the
newly secured funding to scale its talented teams,
further enhance the platform's capabilities, expand its reach into new sectors
such as industrial chemicals and pharmaceuticals, and ultimately solidify its
position as a strategic data repository connecting buyers and sellers across the
globe.
In reflecting on the company's genesis and its future trajectory, Penn
concluded, "The global supply chain has been thrust into the spotlight in recent
years, exposing its vulnerabilities but also inciting a wave of new technologies
like AI to strengthen this critical industry... We look forward to partnering
with Lightspeed, Bain Capital Ventures, and J2 to scale our AI-powered solutions
and help procurement leapfrog technologically ahead by decades."
Helpful Questions Answered about Procurement Software in this Blog Post
What AI-powered SaaS procurement platforms have recently received funding?
Which venture capital firms are investing in LightSource’s AI procurement
software?
How is AI being used to modernize procurement processes?
What challenges do procurement teams face that AI can solve?
How can AI-powered procurement tools help companies navigate tariff
uncertainty?
What are some benefits of using AI-powered procurement software?
Procurement Startup LightSource Emerges from Stealth with $33M to Modernize Sourcing with AI
SAN FRANCISCO, CA – March 31, 2025 LightSource Labs Inc., an AI-native
enterprise procurement platform, today
after operating in stealth mode, accompanied by a significant $33 million
combined seed and Series A funding round at a $130 million valuation.
The investment, co-led by prominent venture capital firms Lightspeed Venture
Partners and Bain Capital Ventures (BCV), with participation from J2 Ventures,
is set to fuel the scaling of LightSource's innovative platform. The platform is
designed to modernize both strategic and direct material sourcing through the
application of artificial intelligence.
This substantial funding arrives as LightSource demonstrates considerable market
traction, reportedly achieving a remarkable 10x increase in its annual recurring
revenue (ARR) over the preceding 18 months.
The company has already secured contracts with major enterprises across various
industries, including Yum! Brands, Bombardier Recreational Products (BRP), Serta
Simmons Bedding, Hello Fresh, and Shure.
Addressing a Critical Yet Underserved Function within Procurement
Despite the central role procurement plays in managing billions of dollars in
enterprise spending, the industry has historically lagged in technological
adoption, particularly within direct sourcing – the acquisition of materials
directly used in producing a company's products.
Anoushka Vaswani, partner at Lightspeed Venture Partners,
stating, "Procurement is one of the most critical functions in many enterprises
but the lionshare of procurement teams manage this process manually, leaving
millions of dollars of savings on the table."
Lightspeed's research indicates that "approximately 70% of procurement teams do
not use any software tools for sourcing and continue to manage increasingly
complex processes manually," with their internal data suggesting around 75% lack
dedicated sourcing software.
Spencer Penn, co-founder and CEO of LightSource, drew upon his experiences at
Tesla during the critical Model 3 production ramp-up to illustrate the
challenges of this manual reliance: "Often these teams rely on 'hundreds of
disparate processes and information that’s stuck in thousands of emails,
spreadsheets and randomly formatted invoices and contracts.'" He further
elaborated, "I sourced millions of parts for the Model 3 with email chains that
contained hundreds of messages. As we neared production, I knew there had to be
a better way."
Ajay Agarwal, partner at Bain Capital Ventures,
emphasized the sheer scale of this challenge,
particularly for large manufacturers: "Imagine trying to keep 10,000 ingredients
or parts and their suppliers organized using email and spreadsheets... it’s
common for an automotive OEM to maintain a roster of 18,000 suppliers that
provide 20,000 parts... They're trying to keep it all organized and moving with
near-analog solutions... out of pure necessity, rather than preference, because
historically, there hasn’t been a better solution."
Penn clarified that while some technological advancements have occurred in areas
like "tactical" or 'tail spend'," LightSource's ambition is much broader:
"LightSource is the first modern platform to finally deliver on the promise of
digitalization for the core Direct and Strategic Indirect sourcing which makes
up 60 to 90% of the P&L."
LightSource: An AI-Powered "Operating System" for Sourcing
LightSource is designed as
for both buyers and suppliers.
For buyers, the platform aims to automate key tasks such as identifying
potential suppliers, managing requests for quotes (RFQs), efficiently comparing
bids, and fostering seamless team collaboration.
Simultaneously, for suppliers, LightSource simplifies the process of reviewing
RFQs and responding with competitive quotes, thereby facilitating new business
acquisition.
Idan Mintz, co-founder and CTO of LightSource, a former engineer at Google and
Google X,
described the platform's comprehensive vision,
referring to it as "a kind of 'operating system' for procurement."
He elaborated on the technical objectives: “We’re working to deliver a platform
that nukes the use of outdated software, reliance on analog digital systems and
legacy problems plaguing procurement and sourcing. In order to do this, we need
to deliver solid UX while unlocking data interoperability and AI-powered
functionality..."
Agarwal specifically highlighted LightSource's "AI capabilities for
data-interoperability" as a critical differentiator, poised to "fundamentally
shift procurement into the modern era." This advanced capability enables users
to effortlessly standardize and compare quotes received in a multitude of
formats, including emails, PDFs, and spreadsheets, with granular visibility down
to the Bill of Materials (BOM) level.
Early Customer Success and Tangible Impact
Early adopters of the LightSource platform
have already reported significant operational and financial benefits.
Roger Larsh, Chief Procurement Officer of Yum! Brands' supply chain arm RSCS,
shared, “LightSource has delivered faster decision-making and meaningful cost
improvements... We’ve seen strong adoption across our team thanks to easy
usability and rapid time-to-value, and we’re proud to help LightSource lead the
way transforming our industry.”
Jorge Lopez-Vessena, manager of global sourcing at Bombardier Recreational
Products (BRP), added his positive experience: “LightSource has impressed us
with a deep understanding of our needs paired with thoughtful proactivity... Now
our procurement and engineering teams can work quickly with our suppliers,
making sourcing faster, easier and far more collaborative while freeing us from
manual processes, spreadsheet agony and endless email threads.”
LightSource reports that since 2024, over $1 billion in spend has been processed
through its platform, facilitating more than 1,100 sourcing events.
Navigating Tariff Uncertainty with Modern Procurement Tools
The announcement of LightSource's successful funding round comes at a crucial
time, coinciding with increasing global trade tensions and the potential for new
tariff implementations.
As
Lora Kolodny reported for CNBC,
President Trump's plans for "reciprocal tariffs" and specific duties on imported
cars underscore the growing volatility in international trade.
While LightSource's funding wasn't specifically timed around these events, the
current climate highlights the escalating need for
robust and agile procurement tools.
"Tariffs and trade winds are shifting so fast, it’s enough to make your head
spin," commented Agarwal. "For a company with hundreds or thousands of different
parts and suppliers — even just understanding what the impact will be on their
whole enterprise is unbelievable."
BCV's analysis further emphasizes that relying on outdated manual processes
leaves companies "vulnerable to disruptions in the global trade landscape,"
forcing difficult choices between absorbing increased costs or urgently seeking
new suppliers.
This environment underscores the critical need for software solutions that
provide "real-time visibility into supply chains, enable scenario planning and
facilitate agile decision-making."
Mintz also acknowledged that various disruptions, including pandemics, natural
disasters, and "a major shift in tariffs and trade policy," can severely impact
profit margins and delivery capabilities.
Strong Investor Confidence and a Vision for the Future
Investors have expressed strong confidence in both the significant market
opportunity and the exceptional LightSource team.
Vaswani of Lightspeed Venture Partners praised the "user love they have garnered
from Fortune 500 companies and the versatility of the platform," adding, "We
believe LightSource has a compelling vision, strong team and impressive
execution function to become the end-to-end platform for procurement teams.”
Agarwal from Bain Capital Ventures echoed this sentiment, stating that BCV is
"glad to support Idan, Spencer and the rest of the LightSource team as they
become the default operating system for procurement and sourcing on a global
scale.”
Alexander Harstrick of J2 Ventures lauded the platform as "uniquely exceptional
because of its deep AI integration and its specific aim to fix the previously
intractable inefficiencies," positioning LightSource "as a leader in the next
generation of AI-powered procurement."
Jamie Goldstein, founding partner at Pillar VC, further reinforced this belief,
noting, "With LightSource, Spencer and Idan have created the world-class
software platform that procurement officers need to do their jobs."
Looking to the future, Penn articulated the company's ambitious goals: “We want
to make the easy things easier and the hard things possible by scaling our
AI-powered solutions and converting procurement from a necessary evil to a
critical business driver.”
The company intends to utilize the
newly secured funding to scale its talented teams,
further enhance the platform's capabilities, expand its reach into new sectors
such as industrial chemicals and pharmaceuticals, and ultimately solidify its
position as a strategic data repository connecting buyers and sellers across the
globe.
In reflecting on the company's genesis and its future trajectory, Penn
concluded, "The global supply chain has been thrust into the spotlight in recent
years, exposing its vulnerabilities but also inciting a wave of new technologies
like AI to strengthen this critical industry... We look forward to partnering
with Lightspeed, Bain Capital Ventures, and J2 to scale our AI-powered solutions
and help procurement leapfrog technologically ahead by decades."
Helpful Questions Answered about Procurement Software in this Blog Post
What AI-powered SaaS procurement platforms have recently received funding?
Which venture capital firms are investing in LightSource’s AI procurement
software?
How is AI being used to modernize procurement processes?
What challenges do procurement teams face that AI can solve?
How can AI-powered procurement tools help companies navigate tariff
uncertainty?
What are some benefits of using AI-powered procurement software?
Read more
The AI Tipping Point: How Generative AI is Reshaping Procurement
Sep 8, 2025
Specialty Chemicals Leader Arxada Leverages LightSource to Drive Process Efficiency, Impact, and Cost Control in Tail Spend Chemicals Sourcing.
Aug 26, 2025
The Modern Chief Procurement Officer: Adapting to Change and Leading with AI in 2025
Jul 17, 2025
Read more
The AI Tipping Point: How Generative AI is Reshaping Procurement
Sep 8, 2025
Specialty Chemicals Leader Arxada Leverages LightSource to Drive Process Efficiency, Impact, and Cost Control in Tail Spend Chemicals Sourcing.
Aug 26, 2025
The Modern Chief Procurement Officer: Adapting to Change and Leading with AI in 2025
Jul 17, 2025
Read more
The AI Tipping Point: How Generative AI is Reshaping Procurement
Sep 8, 2025
Specialty Chemicals Leader Arxada Leverages LightSource to Drive Process Efficiency, Impact, and Cost Control in Tail Spend Chemicals Sourcing.
Aug 26, 2025
The Modern Chief Procurement Officer: Adapting to Change and Leading with AI in 2025
Jul 17, 2025
Ready to change the way you source?
Try out LightSource and you’ll never go back to Excel and email.
Ready to change the way you source?
Try out LightSource and you’ll never go back to Excel and email.
Ready to change the way you source?
Try out LightSource and you’ll never go back to Excel and email.
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