US-based flexible workforce database software developer Brightfield Strategies raised $53m on Tuesday in a series A round featuring Capital One Growth Ventures, the corporate venturing arm of credit card provider Capital One.
The round was led by venture capital firm MissionOG and included VC firm Sapphire Ventures and growth equity firm Telescope Partners.
Founded in 2006, Brightfield has created software powered by artificial intelligence-driven analytics that helps employers in flexible workforces improve job satisfaction, fill new positions and make financial savings.
The platform, Talent Data Exchange, contrasts an organisation’s wage bill, job descriptions and contract offers with the wider labour market using third-party data from its member enterprises, recruitment agencies and talent networks.
Jesse Levin, chief executive of Brightfield, said: “Our ambition is to close the global skills gap by enabling enterprise decision-makers to drive business outcomes through unified management of internal and external labour sources.
“The fourth industrial revolution underway creates a pressing need for market transparency around the historically dark pool of contract labour.”
Brightfield closed $4m in financing from backers including private investor Gary Nelson in March 2017, according to a regulatory filing. A separate filing indicates it is connected to a holding entity, Brightfield Holdings, which raised $7.5m in April 2019.