RigUp Revenue and Competitors

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Austin, TX USA

Location

$752.5M

Total Funding

Estimated Revenue & Valuation

  • RigUp's estimated annual revenue is currently $14.8M per year.(i)
  • RigUp received $60.0M in venture funding in January 2019.
  • RigUp's estimated revenue per employee is $145,000
  • RigUp's total funding is $752.5M.
  • RigUp's current valuation is $1.9B.

Employee Data

  • RigUp has 102 Employees.(i)
  • RigUp grew their employee count by -8% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$0.5M7N/AN/AN/A
#2
$22.5M141N/AN/AN/A
#3
$5.5M47-6%N/AN/A
#4
$36.8M231N/AN/AN/A
#5
$8.2M63-19%N/AN/A
#6
$44.3M27825%N/AN/A
#7
$7.8M60-6%N/AN/A
#8
$4.2M38-19%$36MN/A
#9
$14.6M101N/AN/AN/A
#10
$1.6M18N/AN/AN/A

RigUp empowers the men and women who power the world. We are the energy industry's marketplace for service providers. Our vision is to empower all the men and women who power the world by creating economic opportunity and building community across the strongest network in the energy industry. Our mission is to transform the energy industry into an efficient, highly effective landscape where buyers and service-providers connect effortlessly to get the job donewhenever, wherever. We are rapidly building the strongest network of service providers in the industry by offering unparalleled opportunities. RigUp's exclusive technology enables us to eliminate the wasteful underutilization of the traditional energy workforce by better managing supply and demand. We've become a proven, trusted player in our space, and were not slowing downwe have great opportunities for further growth, with a very interesting product and technical challenges and ample room for career development. The RigUp team is comprised of a diverse group of talented folks - a combination of technical talent from places like Google, IBM and RetailMeNot, long-tenured and well-networked energy veterans from companies including BHP, Baker Hughes, Encana, Halliburton, HilCorp, Jones Energy, and Maverick Resources.

keywords:saas, Marketplace,Energy,Mobile

$752.5M

Total Funding

102

Number of Employees

$14.8M

Revenue (est)

-8%

Employee Growth %

$1.9B

Valuation

N/A

Accelerator

RigUp News

2022-03-30 - Workrise gets out of construction, lays off staff

Founded in 2014 as RigUp, the company was initially focused on matching employers with workers for temporary assignments on oil and gas...

2022-03-22 - Austin Inno - Austin unicorn Workrise announces layoffs

Originally known as RigUp, Workrise Technologies Inc. has been one of Austin's fastest growing startups since its founding in 2014.

2019-10-14 - Energy Labor Marketplace Company RigUp Raises $300 Million In Funding

RigUp, a marketplace for on-demand services and skilled labor built for the energy industry, announced it raised $300 million in Series D funding led by Andreessen Horowitz RigUp — a marketplace for on-demand services and skilled labor built for the energy industry — announced it has raised $30 ...

2019-10-10 - RigUp Raises $300M and Becomes Austin's Latest Unicorn

RigUp has quietly built one of the fastest-growing and best-funded startups in Austin. And on Thursday it announced a $300 million funding round -- a move that puts the company in a relatively exclusive club of tech unicorns that are valued at over a billion dollars. The new Series D round of f ...

2019-10-10 - Austin-based RigUp Lands $300 Million in Funding led by Andreessen Horowitz to Expand its Labor Marketplace for the Energy Industry

In one of the largest funding deals for an Austin-based startup ever, RigUp announced on Thursday that it has raised $300 million led by Andreessen Horowitz, a16z. That brings the total raised by RigUp, founded in 2014, to $423.8 million. The Austin-based company is an online marketplace for se ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$14.3M102N/AN/A
#2
$15.3M102-16%N/A
#3
$15.3M10215%N/A
#4
$27.5M10279%N/A
#5
$14.9M10341%N/A

RigUp Funding

DateAmountRoundLead InvestorsReference
2014-06-06$3.0MUndisclosedFounders FundArticle
2016-04-18$15.0MAMultipleArticle
2018-02-06$15.8MBFounders FundArticle
2018-02-06$30.0MUndisclosedSilicon Valley BankArticle
2019-01-30$60.0MCFounders FundArticle