LightSource Labs came out of stealth and announced $33 million in seed and Series A funding at a $130 million valuation to scale LightSource's innovative platform. The round was co-led by Lightspeed Venture Partners and Bain Capital Ventures, with participation from J2 Ventures. The platform is designed to modernize both strategic and direct material sourcing through the application of artificial intelligence.

LightSource is the only AI-native sourcing system building a next-generation software tool for procurement teams. The platform helps bring procurement professionals into the future with incredible supplier discovery, quoting and relationship management tools. LightSource is used by leading companies such as Yum! Brands, Bombardier Recreational Products (BRP) and Hello Fresh. Learn more at www.lightsource.ai.