Workrise
Founded Year
2014Stage
Series E | AliveTotal Raised
$752.5MValuation
$0000Last Raised
$300M | 4 yrs agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-19 points in the past 30 days
About Workrise
Workrise specializes in source-to-pay solutions for the energy sector. Its main offerings include software and services that streamline vendor management, worker sourcing, onboarding, compliance tracking, and financial processes for energy companies. The company primarily serves the energy industry, offering solutions that facilitate field operations and vendor relations. Workrise was formerly known as RigUp. It was founded in 2014 and is based in Austin, Texas.
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Expert Collections containing Workrise
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Workrise is included in 7 Expert Collections, including HR Tech.
HR Tech
5,910 items
The HR tech collection includes software vendors that enable companies to develop, hire, manage, and pay their workforces. Focus areas include benefits, compensation, engagement, EORs & PEOs, HRIS & HRMS, learning & development, payroll, talent acquisition, and talent management.
Construction Tech
1,490 items
Companies in the construction tech space, including additive manufacturing, construction management software, reality capture, autonomous heavy equipment, prefabricated buildings, and more
Unicorns- Billion Dollar Startups
1,277 items
Oil & Gas Tech
4,702 items
Companies in the Oil & Gas Tech space, including those focused on improving operations across upstream, midstream, and downstream sectors, as well as those working on sustainable fuels.
Future Unicorns 2019
50 items
Tech IPO Pipeline
282 items
Track and capture company information and workflow.
Workrise Patents
Workrise has filed 2 patents.
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
10/24/2017 | 5/21/2019 | Graphical user interface elements, Graphical user interfaces, Graphical control elements, Graphical user interface testing, User interfaces | Grant |
Application Date | 10/24/2017 |
|---|---|
Grant Date | 5/21/2019 |
Title | |
Related Topics | Graphical user interface elements, Graphical user interfaces, Graphical control elements, Graphical user interface testing, User interfaces |
Status | Grant |
Latest Workrise News
Jun 17, 2025
Developed by Shell, U-lateral drilling offers significant benefits for an industry where efficiency is more important than ever before. By enabling rigs to drill more reservoir footage per month, reducing both the cost per foot of reservoir accessed and the cost per barrel of oil produced, the U-lateral technique allows operators to reduce drilling costs and save time while effectively increasing the production capacity of each surface rig by 50%. The technology also unlocks access to previously stranded acreage, allowing energy companies to maximize their land use and reduce their environmental impact compared to traditional well designs. "As the leading source-to-pay solution for the energy industry, Workrise is uniquely positioned to bring this innovative technology to market," said Adam Hirschfeld, Senior VP at Workrise . "Operators can now license U-lateral drilling from Workrise on a per-well basis, with seamless integration into their existing purchasing workflows. Our team will handle all program contracts and administration, making it easy for energy companies to leverage this technology as part of their operational strategy." The exclusive licensing agreement is the latest addition in an expansion of Workrise's offerings. "We've been steadfastly committed to helping energy companies work more efficiently in a challenging and fast-changing world," said Hirschfeld. "With the addition of cutting-edge technology licensing to our suite of services, we're taking that commitment to the next level."
Workrise Frequently Asked Questions (FAQ)
When was Workrise founded?
Workrise was founded in 2014.
Where is Workrise's headquarters?
Workrise's headquarters is located at 111 Congress Avenue, Austin.
What is Workrise's latest funding round?
Workrise's latest funding round is Series E.
How much did Workrise raise?
Workrise raised a total of $752.5M.
Who are the investors of Workrise?
Investors of Workrise include Founders Fund, Andreessen Horowitz, Bedrock Capital, Brookfield Asset Management, Scottish Mortgage Investment Trust and 14 more.
Who are Workrise's competitors?
Competitors of Workrise include Buildforce and 1 more.
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Compare Workrise to Competitors
Buildforce provides solutions for workforce planning and management in the construction industry, specifically for electrical contractors. It offers a platform that allows contractors to hire, manage, and pay their workforce and also provides a marketplace for electricians looking for work. It also offers a time-tracking and payroll solution. The company was founded in 2019 and is based in Austin, Texas.
Skillforce is a full-service labor contractor that operates in the construction industry. The company provides skilled craftsmen such as electricians, carpenters, plumbers, HVAC technicians, and general laborers to contractors for their construction projects. Skillforce primarily serves the construction industry. It was founded in 2003 and is based in Baltimore, Maryland.
Skillit is a construction staffing platform that specializes in matching self-perform contractors with a database of vetted craft workers. The company offers a robust database where employers can search for workers based on various criteria and utilize tools for direct communication and automated follow-ups. Skillit primarily serves the construction industry, providing a solution for sourcing skilled labor in a streamlined and efficient manner. It was founded in 2021 and is based in New York, New York.
Lumber is a construction workforce management platform that focuses on operations for the construction industry. The company offers software solutions including HR management, scheduling, time tracking, payroll, and benefits administration. Lumber primarily serves contractors, sub-contractors, and specialty contractors within the construction sector. It was founded in 2023 and is based in Palo Alto, California.
Powered Now is a provider of job management software for trade businesses, with a focus on administrative tasks. The company offers tools for quoting, invoicing, scheduling, staff management, and compliance with industry standards. Its software is utilized by professionals in plumbing, electrical, HVAC, pest control, building and construction, and other trade industries. It is based in Devon, United Kingdom.
Tradeway is a talent marketplace and workforce management solution focused on the construction trades industry. The company facilitates the hiring of construction talent, from helpers to apprentices, and offers services such as job posting, candidate review, and workforce scaling for employers. Tradeway primarily serves sectors such as electrical, HVAC, plumbing, clean energy, and general construction. It was founded in 2023 and is based in Los Angeles, California.
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