About Workrise
Workrise is a company based in San Francisco (United States) founded in 2014 by Michael Witte and Xuan Yong was acquired by Takkion in May 2022.. Workrise has raised $869.2 million across 14 funding rounds from investors including SVB, General Electric and Baillie Gifford. The company has 1,225 employees as of December 31, 2022. Workrise offers products and services including Vendor Management, Field Services, and Staffing and Payroll. Workrise operates in a competitive market with competitors including Magellan Health, Legion, Thrive Global, WorkJam and LifeSpeak, among others.
- Headquarter San Francisco, United States
- Employees 1225 as on 31 Dec, 2022
- Founders Michael Witte, Xuan Yong
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Sectors
TechnologyHealthcare
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Email
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Phone
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Website
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Social
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- Legal Name Rigup, Inc.
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Products & Services of Workrise
Workrise offers a comprehensive portfolio of products and services, including Vendor Management, Field Services, and Staffing and Payroll. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for sourcing and managing vendors in energy operations.
Provides transportation and logistics for energy projects.
Manages recruitment and payroll for energy professionals.
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Funding Insights of Workrise
Workrise has successfully raised a total of $869.2M across 14 strategic funding rounds. 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 Total Funding
- Total Rounds 14
- Last Round Last Round
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First Round
First Round
(09 May 2014)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2021 | Amount | Series D - Workrise | Valuation | Plus Capital , Founders Fund |
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| Mar, 2020 | Amount | Series D - Workrise | Valuation |
investors |
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| Mar, 2020 | Amount | Series D - Workrise | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Workrise
Workrise has secured backing from 18 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include SVB, General Electric and Baillie Gifford. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage venture capital investments are focused on US companies.
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Founded Year | Domain | Location | |
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Venture capital investments in technology and defense sectors.
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Workrise
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Workrise
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Workrise Comparisons
Competitors of Workrise
Workrise operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Magellan Health, Legion, Thrive Global, WorkJam and LifeSpeak, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Behavioral healthcare management and pharmacy services are provided for employees.
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| domain | founded_year | HQ Location |
Workforce management solutions are provided through intelligent automation technology.
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| domain | founded_year | HQ Location |
Mental wellbeing coaching platform is provided for enterprises.
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| domain | founded_year | HQ Location |
Hourly workforce schedules and communications are managed via software.
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| domain | founded_year | HQ Location |
Cloud-based platform for employee wellness
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| domain | founded_year | HQ Location |
AI-based workforce management software is offered for diverse industries.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Workrise
Frequently Asked Questions about Workrise
When was Workrise founded?
Workrise was founded in 2014.
Where is Workrise located?
Workrise is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Workrise a funded company?
Workrise is a funded company, having raised a total of $869.2M across 14 funding rounds to date. The company's 1st funding round was a Series D of $28.7M, raised on May 09, 2014.
How many employees does Workrise have?
As of Dec 31, 2022, the latest employee count at Workrise is 1,225.
What does Workrise do?
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.
Who are the top competitors of Workrise?
Workrise's top competitors include WorkJam, Legion and Thrive Global.
What products or services does Workrise offer?
Workrise offers Vendor Management, Field Services, and Staffing and Payroll.
Who are Workrise's investors?
Workrise has 18 investors. Key investors include SVB, General Electric, Baillie Gifford, Brookfield Asset Management, and FJ Labs.
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