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LightSource, a procurement software startup, has successfully raised $33 million in funding, led by Bain Capital and Lightspeed. The funding comes at a time when President Trump's tariffs are expected to impact businesses significantly, potentially benefiting companies like LightSource that help manage procurement processes, costs, and vendor relationships. The startup aims to enhance strategic sourcing through its AI-native platform. Co-founders Spencer Penn and Idan Mintz have expressed optimism about the company's growth prospects as it emerges from stealth mode.
Congratulations to Lightspeed-backed LightSource on emerging from stealth and securing $33M seed and Series A funding. Co-Founders, @Spencer_Penn and Idan Mintz, and their team have built an AI-native platform that aims to enhance strategic sourcing and address key pain points https://t.co/Yzy2jAypFU
Procurement startup LightSource nets $33m amid tariff risks https://t.co/lUlKeUKZ2s
LightSource, whose software helps companies manage their procurement process, costs, and vendor relationships, raised $33M led by Bain Capital and Lightspeed (@lorakolodny / CNBC) https://t.co/GDTNIwVy5r https://t.co/WvcMGjyBmI https://t.co/ZOzeer2dpR
