About Workrise
Workrise is a Technology company based in San Francisco (United States) founded in 2014 by Michael Witte, Xuan Yong, and Sandeep Jain, and was acquired by Takkion in May 2022. Employee wellness is tracked and managed via a technology platform. It operates in the Technology and Healthcare sectors. Workrise has raised $777.5 million across 14 funding rounds from investors including SVB, General Electric and Franklin Templeton. The company has 469 employees. Workrise was last valued at $3 billion in April 2025. Workrise offers products and services including Vendor Management, Field Services, and Staffing and Payroll. Its focus areas include HealthTech, Employee Health IT, Tech Enabled Services and Behavioral Health. Its legal entity is RIGUP, INC. Its competitors include Magellan Health, Legion and Thrive Global; 3 of its 3 listed competitors have raised funding.
Company details
Workrise was founded in 2014 in San Francisco, United States, as an employee wellness tracking and management platform. Behavioral science and machine learning are utilized to measure employee experiences and facilitate actions for improvement. Services are extended to industries including construction, solar, defense, wind, upstream oil and gas, and midstream oil and gas, supporting organizational efforts in employee happiness monitoring.
Products & Services of Workrise
Workrise offers a comprehensive portfolio of products and services, including Vendor Management, Field Services, and Staffing and Payroll.
Platform for sourcing and managing vendors in energy operations.
Provides transportation and logistics for energy projects.
Manages recruitment and payroll for energy professionals.
Funding Insights of Workrise
Workrise has successfully raised a total of $777.5M across 14 strategic funding rounds. The most recent funding activity was a Series E round of $300 million completed in February 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $777.5M
- Total Rounds 14
- Last Round Series E — $300M
- First Round $3M
(May 2014)
- Investors Count 30
Latest 10 of 14 funding rounds of Workrise with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2021 | Series D | – | Plus Capital, Founders Fund | – | |
| Mar 2020 | $28.7M | Series D | – | – | – |
| Mar 2020 | $28.7M | Series D | – | – | – |
| Oct 2019 | $300M | Series D | – | – | |
| Oct 2019 | $300M | Series D | – | a16z | |
| Sep 2019 | $55M | Series C | – | – | – |
| Jan 2019 | $60M | Series C | – | – | |
| Oct 2018 | $60M | Series C | – | Founders Fund | |
| Jun 2018 | Series B | – | FJ Labs | – | |
| Feb 2018 | $15.8M | Series B | – | Global Reserve Group, Quantum Capital |
| Date | Valuation | Stage |
|---|
Full valuation and stage history of Workrise
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
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Last known valuation $3B (Apr 2025). 30 investors in total: 29 institutional and 1 angel.
Investors in Workrise
Workrise has secured backing from 30 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include SVB, General Electric and Franklin Templeton.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital investments are focused on US companies. | pluscapital.com | Venice, United States | ||
Venture capital investments in technology and defense sectors. | foundersfund.com | |||
Venture capital investments in technology sectors are handled by Andreessen Horowitz. | a16z.com | |||
Investing in early-stage tech companies and ideas. | boxgroup.com | |||
Early-stage investments are made by Bedrock in technology sectors. | bedrockcap.com | San Francisco, United States | ||
| globalreservegroup.com | ||||
Focus is placed on real estate and renewable energy investments. | 1899 | brookfield.com | Toronto, Canada | |
Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors | 2007 | fjlabs.com | New York, United States | |
Tech focused VC firm investing in early stage companies in the US & China | freesvc.com | Beijing, China | ||
| moorecapitalllc.com |
Investor details for Workrise
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Workrise
4 people are tracked at Workrise (3 in leadership, 1 in team); the tracked headcount is 469.
| Name | Role | Group |
|---|---|---|
Michael Witte | Co-Founder | Leadership |
Xuan Yong | Co-Founder | Leadership |
Sandeep Jain | Founder | Leadership |
Mike Witte | Board Member | Team |
Complete people profiles for Workrise
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Workrise
5 dated milestones of Workrise across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Workrise is founded.
- Funding First funding round of $3.0M.
- Funding Latest funding round, Series E, of $300.0M.
- Milestone Reaches Unicorn status.
- Exit Acquired by Takkion.
Competitors of Workrise
Workrise has 3 listed competitors in our database, 3 of them funded. They include Magellan Health, Legion and Thrive Global.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| magellanhealth.com | 1969 | Scottsdale, United States | $101M | 10,506 | Behavioral healthcare management and pharmacy services are provided for employees. | |
| legion.co | 2016 | San Francisco, United States | $182.5M | 107 | Workforce management solutions are provided through intelligent automation technology. | |
| thriveglobal.com | 2016 | New York, United States | $130.2M | 82 | Mental wellbeing coaching platform is provided for enterprises. |
Detailed competitors of Workrise
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Workrise
The website of Workrise (workrise.com) receives about 4.9K visits a month.
- Monthly visits4.9K
▲ 35.6% vs previous month
Websites whose visitors overlap most with Workrise. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| theindependencecenter.org | 100% | 5K | #3,676,673 | View details | |
workrisenetwork.org | workrisenetwork.org | 87% | #2,767,797 | – |
Top companies in HR & Workforce Technology
3 companies that operate in the same segment as Workrise (HR & Workforce Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | 1,695 | ||
Cloud-based LMS platform for IT industry | 2004 | Farmington, Utah, United States | USD 235.41 M | USD 4.95 M | 1,774 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M |
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Related news about Workrise
Complete news archive for Workrise
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Frequently Asked Questions about Workrise
Workrise was founded in 2014.
Workrise is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Workrise is a funded company, having raised a total of $777.5M across 14 funding rounds to date. The company's 1st funding round was a Series B of $15.8M, raised on May 2014.
Workrise has 469 employees.
Workrise was founded in 2014 in San Francisco, United States, as an employee wellness tracking and management platform. Behavioral science and machine learning are utilized to measure employee experiences and facilitate actions for improvement. Services are extended to industries including construction, solar, defense, wind, upstream oil and gas, and midstream oil and gas, supporting organizational efforts in employee happiness monitoring.
Workrise's top competitors include Legion, Thrive Global and Magellan Health.
Workrise offers Vendor Management, Field Services, and Staffing and Payroll.
Workrise has 30 investors. Key investors include SVB, General Electric, Franklin Templeton, Baillie Gifford, and Brookfield Asset Management.
The valuation of Workrise is $3B as of Apr 2025.
Workrise operates through Rigup, Inc..
Yes. Workrise was acquired by Takkion in May 2022.