# Workrise

> Workrise, operating again as RigUp since September 2025, combines energy-specific procurement software, vendor networks, workforce staffing, and managed services. It helps oil and gas operators source people and suppliers, handle onboarding and compliance, control project spending, and process invoices and payments.

- **Founded:** 2014
- **Headquarters:** Austin, United States
- **Founders:** Xuan Yong (Co-founder and Executive Chairman; former CEO), Mike Witte (Co-founder, board member, former COO and CEO)
- **Products:** Vendor Management / Vendor Solutions, Bid Management, Workforce Management, Staffing & Payroll, Capital Management, U-lateral technology licensing
- **Notable:** Raised US$300 million in its May 2021 Series E., Won an Austin A-List Scale award in 2018., A company-published 2023 East Texas case study reported 15-day average vendor onboarding across 10 service categories.

## Products & services

- **Vendor Management / Vendor Solutions** — Source-to-pay software and managed services for supplier discovery, onboarding, safety documentation, work orders, invoicing, and payments. Public product launch dated July 10, 2024.
- **Bid Management** — Vendor Management add-on for creating RFQs, comparing vendor pricing and safety details, awarding bids, and converting awards to work orders. Launch post dated November 12, 2024.
- **Workforce Management, Staffing & Payroll** — Energy-specific contingent workforce sourcing, staffing, onboarding, timesheets, payroll, compliance, and client support.
- **Capital Management** — Project budgets, authorization-for-expenditure tracking, vendor rate agreements, automated invoice rate checks, and reporting on project spending.
- **U-lateral technology licensing** — Exclusive US licensing of Shell’s U-lateral drilling technology on a per-well basis, with contracts and program administration handled by RigUp.

## Achievements

- Raised US$300 million in its May 2021 Series E.
- Won an Austin A-List Scale award in 2018.
- A company-published 2023 East Texas case study reported 15-day average vendor onboarding across 10 service categories.
- Acquired Calgary engineering and staffing firm Codeco-Vanoco in September 2024.
- Launched a dedicated Vendor Management product in July 2024 and Bid Management in November 2024.

## Latest updates

- **2026-01** — Western Midstream vendor FAQ updated January 28; it specifies a 2% project placement fee and explains that fees depend on the client and work order.
- **2025-10** — Worker terms updated October 16 identify RigUp Solutions, LLC as a platform entity and RigUp, Inc. as parent.
- **2025-09** — Workrise announced its return to the RigUp name on September 4, emphasizing oil and gas.
- **2025-06** — Announced exclusive US licensing of Shell’s U-lateral drilling technology.

## Links

- Website: https://www.rigup.com/
- LinkedIn: https://www.linkedin.com/company/rigup
- Twitter/X: https://www.x.com/rigup_inc
- Instagram: https://www.instagram.com/rigup.inc/
- Facebook: https://www.facebook.com/RigUpHQ/

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Profile page: https://yespress.io/workrise
Published by YesPress — https://yespress.io
Last updated: 2026-10-17