Rigup
From AltData.wiki, The Alternative Data Encyclopedia
RigUp is an energy-industry workforce, vendor-management, and capital-project software and services company. Its platform supports sourcing, onboarding, compliance administration, field-ticket handling, invoicing, payments, staffing, payroll, and spend visibility for energy operations[1][2].
The company was founded under the RigUp name in 2014, became known as Workrise in 2021, and announced a return to the RigUp brand in September 2025[2]. Forbes maintains an independent profile under the Workrise name that identifies the business with the energy and resources industry and corroborates its 2014 founding and Austin, Texas location[3].
What It Does
RigUp provides software and managed services for transactions and labor relationships between energy operators, suppliers, and workers[1]. Its vendor workflow brings supplier discovery, onboarding status, documentation, safety and compliance requirements, spend information, field activity, and payment processes into a common system[1][4].
The workforce side covers the sourcing and administration of contingent labor for upstream and midstream oil and gas work[1]. Capital Management is described as giving project teams visibility into budgets and spending[1]. These functions generate operational information for customers, but the public material reviewed does not establish RigUp as a licensor of a general-purpose sensor or alternative-data feed.
Products
The current site groups the offering into Vendor Management, Capital Management, and Workforce Management[1]. Vendor capabilities include supplier discovery, onboarding, compliance status, bid management, field-ticket verification, invoicing and payments, data and insights, and optional managed vendor services[1][4].
The workforce offering spans staffing and payroll, with separate upstream and midstream entry points. The company states that its network covers more than 200 service categories and that energy professionals are available across more than 400 roles[1]. Those inventory figures are vendor claims and may change as participants enter or leave the network.
Data and Methodology
RigUp's data functions are embedded in source-to-pay and workforce processes. The site describes views of vendor spend, compliance status, services, project budgets, onboarding approvals, invoices, and field tickets[1][4]. These are primarily records created through a customer's procurement and operations activity rather than passive observations from independent physical sensors.
The fetched sources do not publish a data dictionary, standard historical depth, API specification, refresh schedule, or anonymized cross-customer benchmark methodology. Prospective data users therefore need to establish which records are customer-owned, which are supplied by RigUp or network participants, how corrections are handled, and whether contract terms permit extraction or secondary analysis.
Buyers and Use Cases
The principal buyers described on the website are oil and gas operators managing suppliers, field work, projects, or contingent labor[1]. Published use cases include controlling non-core spending, finding vendors, checking documentation and requirements, managing bids, verifying work tickets, paying invoices, tracking capital-project spending, and deploying workers[1][4].
RigUp displays customer logos and a testimonial from a Chord Energy operations supervisor, but these are company-selected materials[1]. The site also advertises quantified customer savings; no independently fetched study reviewed here validates a generally applicable savings rate, so such claims should be evaluated against project scope, baseline, and contract terms.
Delivery and Pricing
RigUp delivers its functions through online accounts, software workflows, and services performed by its staff or network, and it invites operators to request demonstrations[1]. Separate paths allow workers to submit resumes and vendors to seek network participation[1].
A pricing link appears in the vendor-management navigation, but the fetched pages do not provide a stable public tariff covering the complete offering[1][4]. Public sources reviewed here do not verify platform fees, transaction charges, worker markups, minimum commitments, data-export rights, or implementation costs.
History
Co-founder and executive chairman Xuan Yong wrote that the company began as RigUp in 2014, had been known as Workrise since 2021, and would use the RigUp name again from 4 September 2025[2]. The current website also says the Workrise brand had been launched as the business expanded beyond its original labor-market focus[1].
Forbes' Workrise profile, reported as of March 2021, lists a 2014 founding, Austin headquarters, and Xuan Yong as co-founder[3]. Because that profile predates the 2025 rebranding, it is useful historical corroboration but not a complete description of the current product portfolio or corporate structure.