Workrise Technologies Inc.
- Company typePrivate
- Founded2014
- HeadquartersAustin, United States
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
Workrise Technologies Inc. firmographics
Firmographics- Name
- Workrise Technologies Inc.
- Legal name
- Workrise Technologies Inc.
- Website
- https://workrise.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
Workrise Technologies Inc. industry classification
Industry- Product category
- Energy Workforce and Vendor Management Software
- SIC
- Oil & Gas Field Services, Nec (1389)
- akta.pro primary industry
- Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH)
Keywords
Where Workrise Technologies Inc. is headquartered
LocationHeadquarters
- HQ city
- Austin
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Workrise Technologies Inc. business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Platform/SaaS Subscription: Tiered subscription model with Pro and Enterprise tiers offering different levels of features, support, and service. Pro includes basic platform support while Enterprise includes dedicated expert teams.
- Managed Vendor Services: Full-service model where Workrise handles onboarding, compliance verification, invoicing, and payments on behalf of clients. Revenue derived from service fees on vendor transactions.
- Transaction/Processing Fees: Fees associated with vendor payments, invoicing, and transaction processing through the platform
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Pro tier with streamlined vendor management and basic support from Workrise |
| Subscription | Annual | Enterprise tier with full power of Pro plus expert teams for enterprise security |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Workrise Technologies Inc. product offering
Product offeringCore offering
RigUp provides a source-to-pay platform built specifically for the energy industry, combining vendor management, workforce staffing, and capital project management. The platform enables oil and gas operators to source, onboard, manage compliance, validate invoices, and pay vendors across 200+ service categories, while also placing skilled workers in field and project roles. The company's offerings are sold as tiered SaaS subscriptions (Pro and Enterprise) plus optional managed services where RigUp handles operations on behalf of operators.
Product overview
RigUp is a full-service execution partner for energy companies offering a unified source-to-pay platform that combines workforce staffing, vendor management, and capital project solutions. The core platform consists of three main pillars: Vendor Management (combining sourcing, onboarding, compliance, payments, and data), Workforce Management (end-to-end from sourcing to payment), and Capital Management (real-time spend visibility). These are supported by modular components including Discovery, Vendor Onboarding, Safety & Compliance, Data & Insights, Invoicing & Payments, Managed Vendor Services, Bid Management, and Field Services. The platform serves both upstream and midstream Oil & Gas operators with specialized solutions. The company recently rebranded from Workrise back to RigUp and acquired Codeco-Vanoco Engineering to expand its engineering and staffing capabilities in Canada.
Differentiator
Problem solved
Functional benefit
Products and services
- RigUp Source-to-Pay Platform A comprehensive source-to-pay solution built for the energy industry that combines workforce staffing, vendor management, and project solutions with technology that delivers complete visibility and control for oil and gas operators.
- Vendor Management (Vendor Solutions) End-to-end vendor management combining sourcing, onboarding, compliance, payments, and data analytics in a single platform designed for Oil & Gas operators.
- Workforce Management End-to-end workforce management solution from sourcing to payment, providing contingent labor solutions powered by a purpose-built platform for energy operators.
- Capital Management Maximizes ROI on capital projects with real-time visibility into spend, providing budget management and cost control capabilities for energy operators.
- Discovery 1.0 AI-powered search feature enabling discovery of vendors and workers across 200+ service categories in Oil & Gas, with details on services, locations, diversity classifications, and safety ratings.
- Vendor Onboarding Streamlined vendor onboarding module that enables operators to bring vendors into compliance with document collection, verification, and approval status tracking.
- Safety & Compliance Compliance management feature that reduces risk by providing clear visibility into the safety and compliance status of all vendors on the platform.
- Bid Management Bidding solution for RFQ management enabling streamlined procurement for both energy operators and their suppliers.
- Field Services (Field Ticket Solutions) Field ticket verification and management solutions for the energy industry, providing digital verification of field work.
- Managed Vendor Services Full-service offering where RigUp manages contracts, compliance, and price negotiations on behalf of operators.
- Midstream Solutions Workforce solutions for midstream operations including inspection, project management, and staffing services.
- Upstream Solutions Contingent workforce solutions tailored specifically for upstream Oil & Gas operators.
- RigUp Mobile App Mobile application for workers and vendors to access work opportunities, submit timesheets, and manage their profiles on the platform.
Quantifiable outcome
- 6x faster vendor onboarding compared to industry average
- +4 more outcomes
Companies that use Workrise Technologies Inc.
Customer profileNamed customers10 records
Segments4 records
Ideal customer profiles1 record
Workrise Technologies Inc. technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature6 records
Workrise Technologies Inc. partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- ShellcoreExclusive licensing of Shell's U-lateral drilling technology for energy companies across the US. RigUp serves as the licensing intermediary for this specialized drilling technology.
- Codeco-Vanoco EngineeringcoreAcquisition of Calgary-based engineering and staffing firm with nearly 40 years of experience serving the energy industry in Canada. This acquisition expands RigUp's presence and capabilities in the Canadian energy market.
- Lone Star CollegeminorPartnership to provide free training for students interested in joining the growing solar energy industry. Helps address workforce development in renewable energy sector.
- imawareminorPartnership with Houston-based digital health organization to create COVID-19 testing and screening solution for energy workers who need to work in the field.
- Parsley EnergyminorPartnership to roll out comprehensive COVID-19 screening and mitigation program for oil and gas workers.
Scale indicators13 records
Recent moves9 records
Expansion highlights6 records
Workrise Technologies Inc. competitors and assessment
Company assessmentEmerging players
- FieldEngineer: FieldEngineer runs an on-demand marketplace for freelance engineers and field technicians across telecom, energy, and construction. It is comparable to RigUp's workforce marketplace and discovery functionality.
- Procurify: Procurify offers spend-management and procurement software for mid-market buyers. It overlaps with RigUp's vendor-management vision but does not have the same energy-vertical specialization.
Broad incumbents
- ServiceNow: ServiceNow's workflow and procurement applications extend into supplier lifecycle management. As a platform incumbent, it could broaden into the energy operator workflows RigUp targets.
- SAP Ariba: SAP Ariba is the largest enterprise source-to-pay and supplier-management platform. It competes with RigUp at the procurement layer and could encroach on the energy vertical with industry-specific templates.
- Coupa Software: Coupa offers a broad business spend management platform, including sourcing, invoicing, and supplier management. It is a broad incumbent that overlaps with RigUp's source-to-pay functionality across enterprise buyers.
- Workday: Workday provides enterprise HCM and contingent workforce management. Its workforce offerings compete with RigUp's workforce management and payments capabilities at large enterprises.
- B2W Software (now part of Trimble): Trimble's B2W and construction suite include estimating, field-operations, and vendor workflows for heavy civil and infrastructure contractors. It overlaps with RigUp's field-services and vendor-bid-management modules.
Direct peers
- Avetta: Avetta provides contractor prequalification, compliance, and supply-chain management for energy, construction, and other heavy industries. It is the closest direct competitor to RigUp's vendor-management and compliance workflows serving Oil & Gas operators.
- ISN (ISNetworld): ISN collects and reviews safety, procurement, and compliance information from contractors for energy and industrial clients. Overlaps directly with RigUp's Safety & Compliance and vendor onboarding modules for upstream and midstream operators.
Others
- Bravely: Bravely (and adjacent HR/contractor platforms) provide adjacent people-operations tooling. They are thematically connected to RigUp's workforce network but not direct competitors.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Workrise Technologies Inc. social profiles
Digital presenceWorkrise Technologies Inc. financial estimates
Financial estimateRevenue estimate
Valuation estimate
Workrise Technologies Inc. leadership team
Management profileNumber of profiles
Profiles4 records
Workrise Technologies Inc. subsidiaries and ownership
Company hierarchySubsidiaries1 record
Workrise Technologies Inc. funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Workrise Technologies Inc. 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 Workrise Technologies Inc.
What does Workrise Technologies Inc. do?
RigUp provides a source-to-pay platform built specifically for the energy industry, combining vendor management, workforce staffing, and capital project management. The platform enables oil and gas operators to source, onboard, manage compliance, validate invoices, and pay vendors across 200+ service categories, while also placing skilled workers in field and project roles. The company's offerings are sold as tiered SaaS subscriptions (Pro and Enterprise) plus optional managed services where RigUp handles operations on behalf of operators.
Is Workrise Technologies Inc. a public or private company?
Workrise Technologies Inc. is a private company. It is classified as venture growth investor backed and is currently operating.
When was Workrise Technologies Inc. founded?
Workrise Technologies Inc. was founded in 2014. It employs 251 to 500 people.
Where is Workrise Technologies Inc. based?
Workrise Technologies Inc. is headquartered in Austin, United States, in the North America region.
How does Workrise Technologies Inc. make money?
Three revenue lines are on record. Platform/SaaS Subscription is the primary driver. The others are managed Vendor Services and transaction/Processing Fees.
Who are Workrise Technologies Inc.'s main competitors?
Emerging players on record are FieldEngineer and Procurify. Broad incumbents are ServiceNow, SAP Ariba, Coupa Software, Workday and B2W Software (now part of Trimble). Direct peers are Avetta and ISN (ISNetworld). Bravely is listed as an others.
Does Workrise Technologies Inc. have an API?
No public API is recorded for Workrise Technologies Inc..
What industry is Workrise Technologies Inc. in?
Workrise Technologies Inc.'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 SIC code is 1389.