LightSource, a San Francisco, CA-based procurement intelligence startup, raised $33m in funding.
The spherical was co-led by Bain Capital Ventures and Lightspeed Enterprise Companions.
The corporate intends to make use of the funds to broaden operations and its growth efforts.
LightSource leverages AI to allow companies to handle their procurement processes, management prices, and strengthen vendor relationships. Its AI native sourcing system helps customers automate RFX, discover new suppliers, and monitor prices, multi functional procurement intelligence platform.
For consumers, LightSource makes it simple to seek out suppliers, ship RFQs (requests for quotes), and make the perfect sourcing selections whereas collaborating with their staff. For suppliers, LightSource makes it simple to assessment an RFQ, responding with quotes rapidly to win enterprise, and discover new gross sales and margin-improvement alternatives.
FinSMEs
01/04/2025
