Workrise

Workrise, formerly known as RigUp, is a leading workforce management platform for the skilled trades.

Workrise makes it easier for skilled laborers to find work and for companies to find in-demand, trained workers.

Workrise was founded in 2014 by Xuan Yong and Mike Witte. The company is headquartered in Austin, Texas.

 

Workrise operates across the solar, wind, construction, defense, and oil and gas industries. Through people and technology, the company provides the staffing, training, and professional services to empower the people who get hard work done.

 

Workrise connects skilled laborers with infrastructure and energy companies looking to staff and manage projects efficiently. The company's online platform matches workers with more than 500 companies in its network, manages payroll and benefits, and provides access to training.

 

Workrise now serves more than 70 metro areas in the U.S. Workrise placed more than 4,500 workers, or nearly a third of all its workers placed in 2020, in renewable-energy jobs.

 

Workrise is backed by Andreessen Horowitz, Baillie Gifford, Founders Fund, Franklin Templeton, Quantum Energy Partners, Global Reserve Group, Bedrock Capital, and others. The company raised $300M in Series E round on May 20, 2021. This brings Workrise's total funding to $723.8M to date. The latest round pushed the company's valuation to $2.6B, from the previous $1B valuation gained from Series D in Oct 2019.

 

 

  • Year founded: 2014
  • Funding Info: $723.8M over 5 Rounds (Last Funding Type: Series E)
  • Yearly Revenue: $900M (2020)
  • Employee Size: 501-1,000
  • Business Valuation: Valued at $2.6B as of May 20, 2021
  • City/Town: Austin
  • State: Texas
  • Country: United States
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