LightSource Recognized in This Year’s ProcureTech100

SAN FRANCISCO--(BUSINESS WIRE)--LightSource, an AI-powered sourcing platform built for enterprise procurement, today announced its selection to the 2025/26 ProcureTech100, the annual list celebrating the 100 most pioneering digital procurement solutions shaping the future of the industry.

LightSource was built to empower procurement professionals to reduce inefficiencies and costs with an AI-powered intelligent system that automates RFX, finds new suppliers, and tracks costs. Instead of relying on email and Excel, you can manage everything in one place, from BOMs to supplier scoring and predictive award scenarios. This recognition affirms that the procurement process is ready for a new standard.

“Looking at the list from 2024, there was an obvious gap to me: where's the Direct Materials solutions?” said Spencer Penn, CEO and Co-Founder of LightSource. “Consistently we see across the procure-tech world that despite Direct making up by far the lion’s share of spend, very few solutions support Direct materials well. Being recognized as a ProcureTech100 reinforced our belief that Direct ‘matters’ and that finally, Direct teams are getting the technology, visibility, and intelligence they deserve to operate from a place of confidence rather than crisis.”

The ProcureTech100, now in its fifth year, enters a new chapter as Art of Procurement takes over stewardship of the highly respected, peer-driven program. The 2025/26 list was selected by a panel of executive judges representing procurement leaders, innovators, and practitioners from around the world.

The official announcement of this year’s 100 providers took place during a live webinar on December 9 at 11:00 AM ET. The 2025/26 ProcureTech100 Yearbook was also released during the event, offering insights into the technologies and emerging trends reshaping procurement.

Access the event recording here: https://www.airmeet.com/e/49f23980-b4ef-11f0-a353-831dca50c72a

About LightSource

LightSource is the only sourcing platform designed for direct procurement professionals and their suppliers in enterprise companies that automates the entire sourcing process – from supplier discovery to award – enabling buyers to achieve significant efficiency gains, better sourcing outcomes through AI-powered insights, and improved collaboration, while also providing suppliers with a user-friendly platform to win new business. For more information, please visit lightsource.ai.

About the ProcureTech100

The ProcureTech100 identifies and celebrates the most innovative digital procurement solutions worldwide. Now led by Art of Procurement, the program highlights the technologies and companies shaping the future of procurement across categories including automation, intelligence, supplier engagement, risk, and sustainability. Learn more at www.procuretech100.com.