Workrise

Workrise provides a source-to-pay platform and associated services for the energy industry. Its main product, RigUp, handles vendor management, contingent workforce sourcing, onboarding, compliance, and payment workflows. The company focuses on non-core spend—everything from inspection crews to pipe suppliers—that operators typically manage across multiple disconnected systems.

Workrise is purpose-built for energy field operations, embedding oil-and-gas-specific compliance requirements, vendor vetting processes, and project management features that generic platforms lack. The company deems its vertical specialization as a key advantage, allowing it to offer tailored workflows for inspection, scaffolding, and other high-turnover field roles.

Workrise operates as a private company, not a family office. It has received venture funding, though specific rounds and investors are not disclosed on its public site. The company's structure is commercial, not allocative—it sells a product rather than deploying capital.

Workrise was originally founded as RigUp in 2014. In 2020, the company rebranded to Workrise to reflect an expanded scope beyond just the labor marketplace. The core software product is still called RigUp, while Workrise serves as the broader company name for the vendor-management and workforce-services business.

Workrise is headquartered in Austin, Texas, with an office in New York. Its primary operational footprint is North American oil-and-gas basins, where it connects operators with local vendors and workers. The company does not publicly disclose international operations.

Workrise does not publicly disclose its revenue model. Based on its product description, the firm likely generates fees through transaction-based markup on vendor and worker services, software subscription fees, or a combination. No confirmed pricing or margin data is available.