Workrise Stock
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About Workrise Stock
Workrise is a technology company that aims to develop a platform to support the skilled trade workforce. Its platform serves as a marketplace for workers and business in the energy industry. The company also claims to enable energy industry companies to contact workers in oil and gas, solar, and wind.
Workrise was founded as RigUp in 2014 by Michael Witte, Sandeep Jain, and Xuan Yong and it is headquartered in Austin, Texas. Notable investors include Founders Fund, Bedrock Capital, Andreessen Horowitz, Moore Strategic Ventures, 137 Ventures, and Brookfield Growth Partners.
Investors
Andreessen Horowitz
Lyft, Robinhood, Databricks, Airbnb, Instacart, Stripe, Magic Leap, Anduril Industries, Rappi, CoinSwitch Kuber
Bedrock Capital
BoxGroup
Scopely, Dataminr, Zipline, Plaid, Workrise, Bowery Farming, Blue Apron, Guideline, VTS, Boxed
Brookfield Asset Management
Fort Ventures
Founders Fund
Lyft, Spotify, Airbnb, Stripe, Anduril Industries, Flexport, Palantir Technologies, Wish, Compass, Zenefits
Franklin Templeton Investments
Lacework, Snyk, SpotOn, Workrise, Checkr, Gong.io, 6sense, Sweetgreen, Talkdesk, Lime
FREES FUND
Great Oaks Venture Capital
Acorns, Bolt Financial, Workrise, Collective Health, Course Hero, SingleStore, Virta Health, Human Interest, Maven Clinic, Petal
Greenspring Associates
Quibi, Scopely, Workrise, Cohesity, Tipalti, Salsify, Grove Collaborative, Stash Financial, Blockdaemon, Aviatrix
Moore Capital
Moore Strategic Ventures
Scopely, Workrise, Group14 Technologies, Prime Medicine, Outdoorsy, Commonwealth Fusion, La Haus, Autogrid
Quantum Energy Partners
Funding History
| May 2014 | $2.8M |
|---|---|
| November 2015 | $14.5M |
| October 2017 | $15.6M |
| June 2018 | $10.0M |
| October 2018 | $60.0M |
| June 2019 | $55.0M |
| October 2019 | $300M |
| March 2020 | $56.9M |
| February 2021 | $300M |
Management
Chief Executive Officer
Xuan Yong
Chief Operating Officer
Michael Witte
Press
TechCrunch - May, 6 2022
Workrise fixes API that spilled users’ personal informationTechCrunch - Apr, 6 2022
Workrise cuts staff, verticals after being valued at $2.9B last yearbizjournals - Mar, 24 2022
Austin unicorn Workrise announces layoffsprnewswire - Oct, 4 2021
Workrise Appoints Tech Industry Veteran Allen Narcisse as Chief Operating Officersyncni - Aug, 19 2021
US tech firm Workrise couldn't wait to 'tell world how excited we are to be in Belfast'prnewswire - Aug, 18 2021
Workrise Makes Significant Investment in Northern Ireland to Continue Growing Tech Operationsirishtimes - Aug, 17 2021
US tech unicorn Workrise to create more than 150 jobs in the Norththinkbusiness - Aug, 17 2021
Workrise to create 153 new jobs in Belfastnews - Jul, 19 2021
HR Tech Funding Explodes As Companies Grapple With Transforming Workforcecbinsights - May, 24 2021
Andreessen Horowitz-Backed Workrise Raises $300M To Expand Its Staffing Platformsiliconhillsnews - May, 21 2021
Austin’s Workrise Raises Another $300 Million in Fundingbuiltinaustin - May, 20 2021
Unicorn Workrise Raises $300M Series E to Connect Laborers With CompaniesBusiness Insider - Apr, 8 2020
RigUp went from $300 million VC round to layoffs and a data breachBiz Journals - Jan, 24 2020
RigUp poised for huge growth in 2020 after massive fundingsWall Street Journal - Oct, 9 2019
Andreessen Horowitz Leads $300 Million Investment in RigUpForbes - Jan, 28 2019
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