- LightSource is an AI-native enterprise procurement platform focused on modernizing sourcing for direct materials, recently recognized in The Hackett Group's 2026 50 to Watch list for its innovative solutions in the procurement technology market.
- In April 2025, LightSource emerged from stealth mode with $33 million in seed and Series A funding, achieving a 10x increase in annual recurring revenue (ARR) over 18 months and a valuation of $130 million.
- The company has secured contracts with major enterprises such as Yum! Brands and Bombardier Recreational Products, demonstrating significant traction across various industries.
- LightSource's ideal buyers are procurement leaders in large enterprises seeking to optimize direct materials sourcing, addressing a critical gap in procurement technology that has been historically underserved.
LightSource operates with a diverse departmental structure comprising ten distinct areas. The largest department is Operations, with 13 employees, closely followed by Engineering with 12. The Executive team, consisting of 9 members, highlights the company's leadership focus. This balanced mix of departments supports a comprehensive approach to software development, ensuring operational efficiency and innovation.
The company has a broad geographic distribution across 17 locations, with the largest presence in Indianapolis, IN, housing 5 employees. Other notable locations include Seattle, WA, and San Francisco, CA, each contributing 2 employees. The 'Other' category, accounting for 34 employees, indicates a significant remote workforce, reflecting a distributed operational model that enhances flexibility and talent acquisition across various regions.
