Brightfield
Brightfield, founded in 2006, specializes in AI-driven data optimization for transactional data, offering products like Rate Intelligence and Supplier Scorecards to help Global 2000 companies spend smarter.
Company History
Brightfield was founded in 2006 with the mission to enable the Global 2000 to spend smarter. In 2008, Brightfield achieved $73M in hard savings through its first rate card analytics project. TDX was born in 2014, marking the beginning of data aggregation for the company. Commercial availability of TDX started in 2016, and the first-rate benchmarking AI was launched in 2015. TDX continued to evolve with the introduction of SOW data collection and structuring AI in 2018. Sapphire Ventures led Series A Funding in 2019, followed by the launch of behavioral AI for buyer persona typing in 2021. Automated supplier scorecards and rate cards were introduced in 2023.
TDX AI Models and Capabilities
TDX AI, a suite of proprietary artificial intelligence models developed by Brightfield, supports a range of functionalities. These models include Skill-based Job Variant Classification Model, SOW Document Structuring Model, SOW Misclassification Risk Service Model, Global Skill Based Rate Intelligence model, and Global Assignment Fillability Model. The AI reads through unstructured job descriptions and extracts relevant skills and job titles. It predicts current and future pay rates, mark-ups, and bill rates for roles across 40 countries and determines the time needed to fill a role based on market conditions. TDX AI models are continuously trained and updated using transactional data from numerous industries and 135 countries.
TDX Products
Brightfield offers several data-driven products under the TDX brand to automate and optimize various business processes. Rate Intelligence provides detailed skill-based market rate benchmarks for budgeting and contracting. Rate Card Manager updates rate cards quickly, presenting forecasted savings impact. SOW Rate Insights offers 'should cost' insights to help negotiate and lower SOW contracted resource rates. SOW Quality and Risk Analytics helps identify transactions with hidden premiums and misclassified staff augmentation. The ROI Dashboard maintains an updated inventory of savings opportunities across SOW and CW projects. Supplier Scorecards automatically track and manage supplier performance, saving time and improving efficiency.
Founding and Growth
Brightfield was founded by a team committed to transforming the way global companies manage and optimize their spending. Since its inception in 2006, the company has grown steadily, earning the trust of F500 companies and holding a strong foothold in data analytics and AI-driven optimization. The evolution of their product offerings—starting from rate card analytics in 2008 to introducing advanced AI models in 2014 and beyond—demonstrates a consistent trend of innovation. Sapphire Ventures' successful Series A funding round in 2019 boosted further developments, culminating in the latest introductions of automated supplier scorecards and rate cards in 2023.
Location
Brightfield operates out of its headquarters located at 5185 MacArthur Blvd. NW, Suite 725, Washington, DC 20016. The central location supports its operational and strategic goals while facilitating proximity to key clients and partners in the area. This positioning is vital for maintaining robust business relationships and operational efficiency.