Workrise joined the Unicorn Club on May 20, 2021. Headquartered in San Francisco, California, United States, Workrise is a workforce management platform that connects skilled laborers with companies in industries like construction, energy, and defense. The company utilizes behavioral science and machine learning to enhance workforce engagement and operational efficiency, while monitoring employee well-being across large, distributed teams.
Keep reading to learn how Workrise built a $2.9 billion company, reshaping workforce management and field operations.
What Is Workrise and What Does It Do?
Founded in 2014, Workrise offers a digital platform that enables organizations to efficiently source, manage, and pay skilled workers. Initially focused on the oil and gas sector, the company expanded into various industries, including renewable energy, construction, and defense.
Through its platform, companies can match qualified workers with open projects, manage certifications and compliance, and streamline onboarding and payment processes. Workrise also incorporates wellness-tracking tools and analytics to monitor employee satisfaction and reduce workforce turnover.
How Much Funding Has Workrise Raised?
- Series E and Earlier Rounds
- Cumulative Funding: ~$777 million
- Purpose: Scale operations, expand into new verticals like renewable energy and infrastructure, and improve its workforce engagement technology.
Latest Funding Round: Series E, February 26, 2021, $300 million
Lead Investors: Baillie Gifford, Greenspring Associates
Total Funding Raised: ~$777 million
Latest Known Valuation: ~$2.9 billion (as of May 20, 2021)
Employee Count: 1,225 (as of December 31, 2022)
Key Investors
- Baillie Gifford
- Details: Global investment management firm known for long-term investments in high-growth technology companies.
- Focus Areas: Technology, energy, and workforce transformation.
- Greenspring Associates
- Details: Venture capital firm that invests across stages from early to growth.
- Focus Areas: Enterprise software, HRTech, and operational management platforms.
Where Is Workrise’s Headquarters?
Workrise is headquartered in San Francisco, California, United States, with additional operations supporting clients and field workers across North America. Its offices manage workforce sourcing, compliance, and digital operations for energy, construction, and industrial sectors.
What’s Next for Workrise?
Workrise continues to evolve beyond traditional staffing into a full-service workforce optimization platform. The company aims to expand its presence in renewable energy and infrastructure while advancing its AI-driven matching technology to improve worker placement and engagement.
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