Marketplace and workforce-management platform for skilled energy, solar, and industrial trade workers
Marketplace📍 Austin, TXFounded 2014
Current Valuation
$2.9B
as of 2022-Q1
UNICORN
IPO Outlookprivate
Is Workrise going public?
No. Workrise is private and has not filed to go public. There is no S-1 on file.
What is Workrise's valuation in 2026?
Workrise is valued at $2.9B as of 2022-Q1, set by its Series E ($300M, Apr 2021). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Workrise filed an S-1?
No public S-1 is on file for Workrise.
Who are Workrise's investors?
Workrise's investors include Andreessen Horowitz, Founders Fund, Bedrock Capital, Franklin Templeton, Baillie Gifford.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Workrise (formerly RigUp) operates a marketplace for skilled trade contractors in oil & gas, solar, wind, and defense industries. Last raised $300M Series E in 2021 at a $2.9B valuation. The company has had multiple rounds of layoffs and exited several verticals since 2022, and no fresh primary valuation has been disclosed. Revenue last public ~$1.16B in 2021 with ~29% growth at the time of its Series E.
Company Profile
CEO
Mike Witte
Founded
2014
HQ
Austin, TX
Employees
~500
Total Raised
$752M
Est. Revenue
$1.2B (2021-FY)
Growth
later layoffs and verticals retrenchment 2022-2024
Last Round
Series E — $300M (Apr 2021) · Lead: Founders Fund
IPO Status
private
Fundraising Status
Series E · $300M · 5y 4mo ago
privateTotal raised $752M
Secondary Market
Implied price / share
$74.16
Last round price / share
$419.18
vs last round
-82.3%
Open interest
3
Last round price vs secondary price
Secondary price return by period
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →
Latest Funding Round
Round
Amount
Date
Lead Investor
Post-Money
Series E
$300M
Apr 2021
Founders Fund
—
Talent Signal
Hiring trend
● First snapshot
trend accrues with monthly sweeps
Open roles
3
via careers page
Product-build share
0%
engineering, research, product, design
Trajectory
steady
go-to-market push — Only 0% of open roles build product — hiring is concentrated in sales/marketing/ops (1 of 3 open roles are legal).
Actively hiring with no tracked executive churn.
Open roles by month
Open roles by function
■ product-building ■ go-to-market / G&A
Compliance ManagementSupport\\ \\ ![Building Our Community
Counted from Workrise's live job board as of 2026-08-17; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
Founders & Key People
Xuan YongMike Witte
Investors
Andreessen Horowitz · Founders Fund · Bedrock Capital · Franklin Templeton · Baillie Gifford
BlueCrew · Instawork · ShiftMed · Tradesmen International
MarketplaceLaborEnergyWorkforceB2B
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2022-Q1. Refreshed quarterly.