Workrise, headquartered in United States, remains privately held in the workforce management (contingent labor and vendor management for the energy industry) space. Its most recent disclosed valuation is $2.9B. No public ticker exists for the company.
2 valuations. The latest, $2.9B post-money, was set by a funding round in May 2021.
Andreessen HorowitzLEAD
Baillie GiffordFFranklin Templeton
Founders FundBBedrock CapitalMMoore Strategic Ventures1137 VenturesBBrookfield Growth PartnersWhen the company was founded in 2014, it was called RigUp. Workrise, formerly known as RigUp, was founded by Xuan Yong and Michael Witte in 2014 and operates a workforce and vendor management platform connecting contingent workers and suppliers with operators in the energy industry.
It started with companies in the oil and gas industry and has since expanded to serve companies and trade workers in the solar, wind, commercial construction, and defense industries. The company took back the RigUp name on September 4, 2025, after being known as Workrise since 2021, and says its Vendor Management platform has saved operators between 18-29% in quantifiable costs.
Listed funds carry late-stage private names. A fund's latest schedule of investments shows whether it holds Workrise.
Often trade at a premium or discount to NAV.
Platforms match existing holders with buyers. Workrise availability at any moment is set by the holders.
High minimums, transfer approval, company right-of-first-refusal.
Valuations, rounds and IPO status for every company in the directory — Workrise included.
No. Workrise is a private company; its shares do not trade on a public exchange.
The last valuation is $2.9B.
The closest workforce management (contingent labor and vendor management for the energy industry) peers are on the competitors page.
The routes section explains what is realistically available for a company at this stage.
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