Workrise
Austin, US · Founded 2014 · Delaware corporation · 893 employees on LinkedIn · 9 known investors
RigUp (operating under Workrise) provides vendor management, staffing and payroll, and bid management software for the energy industry in the US and Canada. The company serves energy sector businesses managing contractors, workforce networks, and procurement operations.
Also known as RigUp
Founders & leadership
Workrise was founded in 2014 by Ying Xuan Yong, Michael Witte, and Witte Michael.
Board
Investors · 9
Reported raises · per SEC filings
Form D private placements$771.7M disclosed across 8 of 9 rounds · 2014–2026
▶$300MraisedMay 2021 · 28 investors · Other TechnologyRule 506(b)
- David GeorgeDirector
- Napoleon TaDirector
- Ying Xuan YongExecutive Officer, Director
- Jeffrey A. HarrisDirector
- Michael WitteExecutive Officer, Director
- Geoff LewisDirector
- Offering amount
- $300M
- Amount sold
- $300M
- First sale
- Feb 2021
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$28.7MraisedMar 2020 · 8 investors · Other TechnologyRule 506(b)
- Geoff LewisDirector
- Jeffrey A. HarrisDirector
- Napoleon TaDirector
- David GeorgeDirector
- Michael WitteExecutive Officer, Director
- Ying Xuan YongExecutive Officer, Director
- Offering amount
- $78.7M
- Amount sold
- $28.7M
- First sale
- Mar 2020
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$300MraisedOct 2019 · 19 investors · Other TechnologyRule 506(b)
- Jeffrey A. HarrisDirector
- Napoleon TaDirector
- David GeorgeDirector
- Ying Xuan YongExecutive Officer, Director
- Michael WitteExecutive Officer, Director
- Geoff LewisDirector
- Offering amount
- $300M
- Amount sold
- $300M
- First sale
- Oct 2019
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$10MraisedSep 2019 · 18 investors · Other TechnologyRule 506(b)
- Napoleon TaDirector
- Ying Xuan YongExecutive Officer, Director
- Michael WitteExecutive Officer, Director
- Jeffrey A. HarrisDirector
- Geoff LewisDirector
- Offering amount
- $10M
- Amount sold
- $10M
- First sale
- Jun 2018
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$15MraisedSep 2019 · 46 investors · Other TechnologyRule 506(b)
- Michael WitteExecutive Officer, Director
- Geoff LewisDirector
- Jeffrey A. HarrisDirector
- Ying Xuan YongExecutive Officer, Director
- Napoleon TaDirector
- Offering amount
- $15M
- Amount sold
- $15M
- First sale
- Nov 2015
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$55MraisedSep 2019 · 24 investors · Other TechnologyRule 506(b)
- Ying Xuan YongExecutive Officer, Director
- Jeffrey A. HarrisDirector
- Geoff LewisDirector
- Michael WitteExecutive Officer, Director
- Napoleon TaDirector
- Offering amount
- $55M
- Amount sold
- $55M
- First sale
- Jun 2019
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$60MraisedSep 2019 · 13 investors · Other TechnologyRule 506(b)
- Ying Xuan YongExecutive Officer, Director
- Michael WitteExecutive Officer, Director
- Geoff LewisDirector
- Jeffrey A. HarrisDirector
- Napoleon TaDirector
- Offering amount
- $60M
- Amount sold
- $60M
- First sale
- Oct 2018
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$3MraisedMay 2014 · 20 investors · Other TechnologyRule 506(b)
- Ying Xuan YongExecutive Officer, Director
- Sandeep Sampath JainExecutive Officer, Director
- Offering amount
- $3M
- Amount sold
- $3M
- First sale
- May 2014
- Incorporated
- Corporation, Delaware, 2014
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Workrise, which operates under the RigUp brand, provides a source-to-pay platform and related services built specifically for the energy industry. Its offering combines software with a network of workers and suppliers, positioning the company as a full-service execution partner for energy operators across workforce staffing, vendor management and capital project delivery.
The product set spans workforce management for contingent labor, vendor management that consolidates sourcing, onboarding, compliance, payments and supplier data in one system, capital management for real-time visibility into project spend, and staffing and payroll covering more than 400 roles in upstream and midstream oil and gas. Additional modules include Bid Management for handling RFQs between operators and suppliers, and Discovery, a tool for finding workers and vendors for energy projects. The company also publishes research and guides on oil and gas supply chain costs, M&A integration and regional expansion.
The company was founded in 2014 as RigUp, introduced the Workrise brand in 2020, was known as Workrise from 2021, and announced a return to the RigUp name effective September 4.
Business model
The company sells software and specialized services to energy operators, combining a source-to-pay purchasing platform with staffing, payroll and vendor onboarding services delivered through its workforce and vendor networks. Demand is generated through demo requests, and workers and suppliers join via workforce and vendor network sign-ups.
Traction
Reports a large network of energy professionals covering more than 400 roles in upstream and midstream oil and gas, a supplier network underpinning its purchasing platform, and customer references including a senior operations supervisor at Chord Energy citing consistent vendor deployment across assets.
▸Full profile — market position, technology, go-to-market, history
Market position
Positions itself as offering an all-in-one purchasing solution built from the ground up for energy, contrasting its platform with general-purpose enterprise systems and with fragmented setups in which companies may use as many as eight different systems from sourcing to payments.
Combines source-to-pay software with a supplier network and hands-on services rather than software alone; states it handles vendor compliance against customers' specific HSE standards, claims operator savings of 18-29% in quantifiable costs, and emphasizes an industry-specific design and a team with oil and gas experience.
Technology
A purpose-built source-to-pay platform for energy that unifies sourcing, vendor onboarding, compliance management, payments and spend data, with modules for contingent workforce management, capital project spend visibility, bid management for RFQs, and a discovery tool for locating workers and vendors. The company also licenses Shell's U-Lateral drilling technology for the US.
Go-to-market
Direct sales supported by booked product demos and gated research content, plus self-service onboarding paths for consultants seeking job placement or billing through the platform and for suppliers joining the vendor network.
Energy companies, including large operators, smaller operators and regional players in upstream and midstream oil and gas, as well as suppliers and consultants who join its vendor and workforce networks.
History
Founded in 2014 under the name RigUp, serving oil and gas companies' labor needs. The Workrise brand was launched in 2020 as the business grew and the company was known as Workrise from 2021, before announcing a return to the RigUp name as of September 4. The company has also acquired Codeco-Vanoco Engineering.
Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 1
by search overlapCompanies competing with Workrise for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 7
launches, deals, and filingsThe company announced that as of Sept. 4 it would once again operate under the RigUp name.
Company news post announcing the acquisition of Codeco-Vanoco Engineering.
Company news post announcing a license from Shell for its U-Lateral drilling technology in the United States.
Product enabling customers to find workers and vendors for energy projects.
Bid management product for streamlining RFQs for energy operators and their suppliers.
Founded as RigUp in 2014, the company operated under the Workrise name beginning in 2021.
The company launched the Workrise brand in 2020 as its business grew, having operated as RigUp since 2014.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structureIn the news
▸Research sources · 1
primary sources listed
- Workriseworkrise.com · web
1 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Workrise do?
- Energy-focused source-to-pay company offering vendor management, workforce staffing and capital project software and services.
- Who founded Workrise?
- Workrise was founded by Ying Xuan Yong, Michael Witte, Witte Michael in 2014.
- Who are Workrise's investors?
- Workrise's investors include Breyer Capital, Carnrite Ventures, Founders Fund, Great Oaks Venture Capital, James Beshara Fund, Andreessen Horowitz, Baillie Gifford, Founders and 1 more.
- How much funding has Workrise raised?
- Workrise has disclosed $771.7M raised across 8 of its 9 known rounds.
- Where is Workrise headquartered?
- Workrise is headquartered in Austin, US.