LightSource Emerges From Stealth With $33M to Modernize Sourcing and Procurement With AI [Yahoo! Finance]
Yum! Brands, Inc. (YUM)
Last yum! brands, inc. earnings: 4/29 07:00 am
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Source: Yahoo! Finance
SAN FRANCISCO, April 15, 2025 BUSINESS WIRE LightSource Labs Inc. , an AI-native enterprise procurement platform, 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. This funding arrives as LightSource achieves considerable market traction, including a 10x increase in 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. With these funds, LightSource will scale its team, further enhance the platform's capabilities, expand its reach into ne
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YUM
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