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LightSource

FOUNDED : 2018

LOCATION : US & Canada, US

TEAM SIZE : 11-50

SOLUTION MATURITY : Scaleup

FUNDING ROUND : Venture Backed

Core Functionality
Sourcing
Description

LightSource is an online platform for strategic sourcing. It’s designed for both buyers and suppliers, offering tools for everybody in the supply chain ecosystem.

For buyers, LightSource makes it easy to find incredible suppliers, send RFQs, and make the best sourcing decisions while collaborating with your team.

For suppliers, LightSource makes it easy to review an RFQ, respond with quotes quickly to win business, and find new sales and margin-improvement opportunities.

The platform gives you access to the modern B2B network of suppliers and buyers in manufacturing. It aims to put an end to word-of-mouth referrals and endless Googling – replacing these lengthy processes with intelligent supplier recommendations.

LightSource enables you to collaborate with your teammates on strategic sourcing projects and collect quotes with ease. You can compare bids using insights automatically extracted from your normal day-to-day work, combined with vast publicly available resources.

Their “savings engine” helps manage BOMs, and cost-targets, and identifies new savings opportunities to create win-wins for buyers and suppliers.

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