Workrise
Workrise provides a workforce management solution for skilled trades and a source-to-pay software platform for the energy industry.
Secondary Market Price
How Workrise Measures Up
To help you manage your Workrise equity, Prospect has run the company through our machine learning model.
Prospect Rating
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This rating reflects our belief in this company's potential to grow to that many times its current value in 4 years. For an employee with stock, this rating suggests a potential return on equity, but it also comes with some risk.
Exit Risk
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Our rating is a reflection of the likelihood of this company achieving a liquidity event for its employees based on the quality of investors, funding stage, founders, and more.
Funding Stage
Series E
A company’s funding stage reflects how established it is, how quickly it is scaling, and the average impact an employee may have when joining.
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Prospect Projected Future Workrise Prices
Prospect’s machine learning model has been trained on the same data top-tier investors use to project the likely range of outcomes for Workrise's equity. Create a free account to view 10th-90th percentile projections over 2, 4, and 6 years.
Powerful tools to earn more from your equity
Company Description
Workrise, which recently reverted to its original name RigUp, operates as a workforce management and source-to-pay platform primarily for the energy sector. The company connects skilled laborers with companies looking for workers across the oil and gas, solar, wind, construction, and defense industries. Its platform provides software for procurement, supply chain management, and automation, while also serving as a marketplace for contract workers to find jobs and access services. Founded in 2014 as RigUp by Xuan Yong and Mike Witte, the Austin-based company initially focused on the energy industry before expanding its scope and rebranding to Workrise. In 2024, the company announced it was returning to the RigUp name to align with its founding vision.
Looking forward, the company plans to continue its focus on the energy industry, integrating new technologies into its platform and expanding its services internationally, as seen with its recent product launch in Canada. A significant recent development is the company's partnership with Shell, which made Workrise the exclusive U.S. licensee of Shell's U-lateral drilling technology. This technology, now available through the platform, has been shown to increase rig productivity by as much as 50% and reduce drilling costs. The company is also actively hiring and has released studies on modernizing procurement to drive efficiency in the energy supply chain.
- Baillie Gifford
- Franklin Templeton
- Founders Fund
- Bedrock Capital
- Andreessen Horowitz
- Moore Strategic Ventures
- 137 Ventures
- Brookfield Growth Partners
- BoxGroup
- Great Oaks Venture Capital
- Quantum Energy Partners
- Fort Ventures
- FJ Labs
- Co-Founder, Xuan Yong
- Co-Founder, Michael Witte
- Co-Founder, Sandeep Jain
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Workrise worth joining?
Deciding whether to join a company like Workrise involves weighing many factors, including the potential value of its equity compensation. Tools like Prospect can help you model the future value of your equity to make a more informed career decision.
What should I do with my Workrise stock?
Managing private company stock requires a clear strategy for exercising options and planning for taxes. Platforms like Prospect provide customized strategies to help you maximize the value of your equity and minimize your tax burden.
Can you sell Workrise stock?
As Workrise is a private company, selling stock is typically restricted to specific events like tender offers or secondary sales. A platform like Prospect can help you navigate these liquidity events and decide on the most tax-optimal shares to sell.
How can I find the value of my Workrise stock?
Valuing stock in a private company like Workrise is complex, as it isn't publicly traded and its price can be opaque. You can use tools like Prospect, which leverage predictive models to forecast the future value of private company shares.
What is Workrise's equity worth?
The exact worth of private equity like Workrise's is not public information and depends on various factors, including future performance. To understand its potential, platforms like Prospect use data-driven models to project a likely range of outcomes for your holdings.
What is Workrise's stock ticker symbol?
Since Workrise is a private company, it is not traded on a public stock exchange and therefore does not have a stock ticker symbol. Managing private equity requires different tools and strategies, which platforms like Prospect are designed to provide.
Can I buy or sell Workrise stock?
As a private company, opportunities to buy or sell Workrise stock are limited and not available to the general public. Platforms like Prospect are designed to help employees manage their equity and navigate selling opportunities like tender offers when they arise.
What is the criteria to buy or invest in Workrise stock?
Investing in a private company like Workrise is typically limited to employees exercising their stock options or accredited investors participating in funding rounds. Platforms like Prospect are designed to help employees manage the equity they receive, rather than facilitating outside investment.
