RigUp
RigUp is an Austin-based source-to-pay software and workforce management platform that connects energy operators with vendors and skilled trades across 200+ service categories and 400+ upstream and midstream roles. It serves oil and gas E&Ps and has signaled expansion into wind, solar, construction, and defense.
- Company typePrivate
- Founded2014
- HeadquartersAustin, United States
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
What RigUp does
RigUp is a source-to-pay software and workforce management platform purpose-built for the energy industry. Founded in 2014 and headquartered in Austin, Texas, the company operates as RigUp, Inc. with a wholly-owned subsidiary, RigUp Solutions, LLC. It serves upstream and midstream oil and gas operators and has stated intent to expand into adjacent energy verticals including wind, solar, construction, and defense. The customer base includes publicly-traded E&P companies such as Chord Energy, Civitas Resources, EP Energy, Matador Resources, Laredo Petroleum, Vital Energy, Gulfport Energy, and PetroLegacy Energy, and the platform spans both enterprise buyer workflows and a two-sided supplier and skilled-trades marketplace.
The platform's core technology is a source-to-pay system that consolidates what the company positions as approximately eight fragmented legacy tools into a single integrated workflow. Modules include Discovery (worker and vendor search across 200+ service categories and 400+ upstream and midstream roles), Non-Core Management (vendor onboarding and oversight), Capital Management (real-time spend and ROI visibility across capital projects), Bid Management, Compliance Management (with operator-specific HSE requirements), Field Ticket verification, and Staffing and Payroll. RigUp reports 18-29% cost savings for operators using its Vendor Management module and acquired Codeco-Vanoco Engineering to extend midstream engineering and field services depth. In 2024, the company launched Discovery 1.0, unifying worker and vendor search, and rebranded back from Workrise to RigUp, signaling a refocus on the core energy thesis.
The business model combines enterprise subscription software (sold via customized statements of work under master service agreements, with annual billing) with marketplace intermediation across vendors and skilled trades. Go-to-market relies on direct enterprise field sales supported by "Book a Demo" calls to action, supplemented by self-service vendor and workforce onboarding portals. Marketing is concentrated in energy-focused content (blog, white papers, case studies, eBooks), social channels, and PR. The company has raised approximately $750 million across venture rounds, including a $300 million Series E in May 2021 led by Baillie Gifford with Franklin Templeton at a $2.9 billion post-money valuation.
RigUp firmographics
Firmographics- Name
- RigUp
- Legal name
- RigUp, Inc.
- Website
- https://rigup.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- RigUp is an Austin-based source-to-pay software and workforce management platform that connects energy operators with vendors and skilled trades across 200+ service categories and 400+ upstream and midstream roles. It serves oil and gas E&Ps and has signaled expansion into wind, solar, construction, and defense.
- Ownership category
- akta.pro rank
RigUp industry classification
Industry- Product category
- Energy Workforce and Vendor Management Software
- NAICS
- Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing (532412)
- SIC
- Oil & Gas Field Services, Nec (1389)
- akta.pro primary industry
- Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH)
Keywords
Where RigUp is headquartered
LocationHeadquarters
- HQ city
- Austin
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
RigUp business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- Platform Subscription and Managed Services: Subscription-based pricing structure for the source-to-pay platform and managed services. Pricing is set forth in applicable statements of work referencing the master service agreement. The platform combines software with specialized services for energy companies.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise platform with customized pricing based on statement of work |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
RigUp product offering
Product offeringCore offering
RigUp provides a source-to-pay software platform, vendor management system, and workforce staffing solutions purpose-built for the energy industry. The offering combines a Discovery platform for finding workers and vendors across 200+ service categories with end-to-end workforce management, vendor onboarding and compliance, capital project spend visibility, bid management, and field services — sold as subscription software plus managed services to oil & gas operators and energy companies.
Product overview
RigUp is a full-service execution partner for energy companies offering a unified source-to-pay platform built specifically for the energy industry. The core product portfolio consists of Discovery (the main platform), Vendor Solutions (including Non-Core Management and Capital Management modules), and Workforce Solutions (encompassing Midstream and Upstream offerings). Additional add-on modules include Bid Management, Compliance Management, Field Services, and Staffing & Payroll. The platform combines software with specialized services to provide end-to-end workforce management from sourcing to payment, vendor management, and capital project visibility.
Differentiator
Problem solved
Functional benefit
Products and services
- Discovery 1.0 Source-to-Pay Platform Flagship source-to-pay platform for energy that enables energy operators to find workers and vendors across 200+ service categories, covering sourcing through payment. Sold to enterprise energy operators.
- Vendor Solutions (Non-Core Management) Vendor management product that simplifies onboarding, oversight, and management of non-core suppliers through a single integrated platform. Target buyer is enterprise energy operators seeking to consolidate fragmented non-core supplier relationships.
- Capital Management Capital management product that maximizes project ROI by providing real-time visibility and spend control for capital projects. Sold to enterprise energy operators running capital programs in upstream and midstream oil & gas.
- Workforce Management End-to-end workforce management product from sourcing to payment, providing contingent labor solutions powered by a purpose-built platform and connecting energy companies with thousands of professionals across 400+ upstream and midstream oil & gas roles.
Quantifiable outcome
- 18-29% cost savings for operators using Vendor Management
- +1 more outcomes
Companies that use RigUp
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles3 records
RigUp technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
RigUp partnerships and signals
Strategic signalScale indicators6 records
Recent moves6 records
Expansion highlights5 records
RigUp competitors and assessment
Company assessmentDirect peers
- Beeline: Beeline is a leading vendor management system (VMS) platform for managing contingent labor, statement-of-work, and external workforce programs. It directly competes with RigUp's vendor management and workforce management modules, particularly in large enterprise deployments.
- SAP Fieldglass: SAP Fieldglass is one of the largest enterprise VMS solutions globally, used for contingent workforce management and service procurement. It is the most scaled direct competitor to RigUp's vendor management and source-to-pay capabilities across enterprise operators.
- Magnit: Magnit (formerly Workforce Software, merged with Alexander Mann Solutions) is a major VMS and total talent management provider serving large enterprises. It directly competes with RigUp on contingent workforce management and workforce management platform capabilities.
- Workday VNDLY: Workday VNDLY is a VMS and contingent labor management solution acquired by Workday. It directly overlaps with RigUp's vendor management and source-to-pay platform for managing external workforce and service providers.
- Airswift: Airswift is a global workforce solutions provider specializing in staffing and recruitment for the energy, engineering, and technology sectors. It is a direct peer on RigUp's contingent workforce placement business in upstream and midstream O&G.
- NES Global Talent (Fircroft): NES Global Talent (now operating as Fircroft after merger) is a global energy-focused staffing and workforce solutions firm. It is a direct peer to RigUp's workforce management and energy staffing business across upstream, midstream, and renewables.
Broad incumbents
- SAP Ariba: SAP Ariba is the leading cloud procurement and supply chain platform from SAP, used by large enterprises for sourcing, supplier management, and spend visibility. It is a broad incumbent that could encroach on RigUp's source-to-pay territory in the energy vertical.
- Coupa Software: Coupa is a cloud platform for business spend management covering procurement, invoicing, and expense management. It is a broad incumbent procurement competitor that could expand its energy vertical capabilities to compete with RigUp.
Emerging players
- P2 Energy Solutions: P2 Energy Solutions provides upstream-focused software for production, revenue, and reserves management to oil & gas operators. It is an emerging player in oil & gas software whose upstream operator relationships overlap with RigUp's customer base.
- Quorum Software: Quorum Software (which acquired Peloton Computer Enterprises) provides a broad suite of oil & gas software covering production, accounting, land management, and field operations. It is an emerging player whose energy-operator footprint overlaps with RigUp's customer base.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
RigUp social profiles
Digital presenceRigUp financial estimates
Financial estimateRevenue estimate
Valuation estimate
RigUp leadership team
Management profileNumber of profiles
Profiles9 records
RigUp subsidiaries and ownership
Company hierarchySubsidiaries1 record
RigUp funding detail
Funding detailFunding overview
Funding rounds8 records
Investors22 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
RigUp M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about RigUp
What does RigUp do?
RigUp provides a source-to-pay software platform, vendor management system, and workforce staffing solutions purpose-built for the energy industry. The offering combines a Discovery platform for finding workers and vendors across 200+ service categories with end-to-end workforce management, vendor onboarding and compliance, capital project spend visibility, bid management, and field services — sold as subscription software plus managed services to oil & gas operators and energy companies.
Is RigUp a public or private company?
RigUp is a private company. It is classified as venture growth investor backed and is currently operating.
When was RigUp founded?
RigUp was founded in 2014. It employs 251 to 500 people.
Where is RigUp based?
RigUp is headquartered in Austin, United States, in the North America region.
How does RigUp make money?
One revenue line is on record: platform Subscription and Managed Services.
Who are RigUp's main competitors?
Direct peers on record are Beeline, SAP Fieldglass, Magnit, Workday VNDLY, Airswift and NES Global Talent (Fircroft). Broad incumbents are SAP Ariba and Coupa Software. Emerging players are P2 Energy Solutions and Quorum Software.
Does RigUp have an API?
No public API is recorded for RigUp.
What industry is RigUp in?
RigUp's product category is Energy Workforce and Vendor Management Software. Its primary akta.pro industry code is EUALABAH, Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals). Its NAICS code is 532412 and its SIC code is 1389.