RigUp valuation, funding and investors
RigUp works in energy field operations software development, based in Austin, United States. It has about 901 employees.
- Last round
- Series E · $300M · May 2021
- Valuation at last round
- $2.90B
- Headcount
- 901 · up
- Grade
- D
- Founded
- –
RigUp valuation today
VCMC values RigUp at $4.0B today, with a range of $586M to $4.6B and a grade of D. The valuation starts from its last funding round, a Series E round in May 2021.
Valuation by date (109 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 7 Feb 2018 | $113M | $74.2M – $258M | $169M (+50%) | after a round | – | unknown | C | 0% |
| 1 Mar 2018 | $116M | $74.2M – $258M | $169M (+46%) | after a round | – | unknown | C | 0% |
| 1 Apr 2018 | $120M | $74.2M – $258M | $169M (+41%) | after a round | – | unknown | C | 0% |
| 1 May 2018 | $124M | $74.2M – $258M | $169M (+37%) | after a round | – | unknown | C | 0% |
| 1 Jun 2018 | $128M | $74.2M – $258M | $169M (+32%) | after a round | – | unknown | C | 0% |
| 1 Jul 2018 | $133M | $74.2M – $258M | $169M (+28%) | after a round | – | unknown | C | 0% |
| 1 Aug 2018 | $137M | $74.2M – $258M | $169M (+23%) | after a round | – | unknown | C | 0% |
| 1 Sep 2018 | $142M | $74.2M – $258M | $169M (+19%) | after a round | – | unknown | C | 0% |
| 1 Oct 2018 | $147M | $74.2M – $258M | $169M (+15%) | after a round | – | unknown | C | 0% |
| 1 Nov 2018 | $152M | $74.2M – $258M | $169M (+11%) | after a round | – | unknown | C | 0% |
| 1 Dec 2018 | $157M | $74.2M – $258M | $169M (+8%) | after a round | – | unknown | C | 0% |
| 1 Jan 2019 | $163M | $74.2M – $258M | $169M (+4%) | after a round | – | unknown | C | 0% |
| 30 Jan 2019 | $368M | $259M – $678M | $478M (+30%) | after a round | – | unknown | B | 0% |
| 1 Feb 2019 | $368M | $259M – $678M | $478M (+30%) | after a round | – | unknown | B | 0% |
| 1 Mar 2019 | $376M | $259M – $678M | $478M (+27%) | after a round | – | unknown | B | 0% |
| 1 Apr 2019 | $384M | $259M – $678M | $478M (+24%) | after a round | – | unknown | B | 0% |
| 1 May 2019 | $393M | $259M – $678M | $478M (+22%) | after a round | – | unknown | B | 0% |
| 1 Jun 2019 | $402M | $259M – $678M | $478M (+19%) | after a round | – | unknown | B | 0% |
| 1 Jul 2019 | $410M | $259M – $678M | $478M (+16%) | after a round | – | unknown | B | 0% |
| 1 Aug 2019 | $420M | $259M – $678M | $478M (+14%) | after a round | – | unknown | B | 0% |
| 1 Sep 2019 | $429M | $259M – $678M | $478M (+11%) | after a round | – | unknown | B | 0% |
| 1 Oct 2019 | $438M | $259M – $678M | $478M (+9%) | after a round | – | unknown | B | 0% |
| 11 Oct 2019 | $1.9B | $1.7B – $2.8B | $2.5B (+30%) | after a round | – | unknown | A | 0% |
| 1 Nov 2019 | $1.9B | $1.7B – $2.8B | $2.5B (+28%) | after a round | – | unknown | A | 0% |
| 1 Dec 2019 | $2.0B | $1.7B – $2.8B | $2.5B (+25%) | after a round | – | unknown | A | 0% |
| 1 Jan 2020 | $2.0B | $1.7B – $2.8B | $2.5B (+22%) | after a round | – | unknown | A | 0% |
| 1 Feb 2020 | $2.1B | $1.7B – $2.8B | $2.5B (+20%) | after a round | – | unknown | A | 0% |
| 1 Mar 2020 | $2.1B | $1.7B – $2.8B | $2.5B (+17%) | after a round | – | unknown | A | 0% |
| 1 Apr 2020 | $2.2B | $1.7B – $2.8B | $2.5B (+15%) | after a round | – | unknown | A | 0% |
| 1 May 2020 | $2.2B | $1.7B – $2.8B | $2.5B (+12%) | after a round | – | unknown | A | 0% |
| 1 Jun 2020 | $2.2B | $1.7B – $2.8B | $2.5B (+10%) | after a round | – | unknown | A | 0% |
| 1 Jul 2020 | $2.3B | $1.7B – $2.8B | $2.5B (+7%) | after a round | – | unknown | A | 0% |
| 1 Aug 2020 | $2.4B | $1.7B – $2.8B | $2.5B (+5%) | after a round | – | unknown | A | 0% |
| 1 Sep 2020 | $2.4B | $1.7B – $2.8B | $2.5B (+3%) | after a round | – | unknown | A | 0% |
| 1 Oct 2020 | $2.5B | $1.7B – $2.8B | $2.5B (+1%) | after a round | – | unknown | A | 0% |
| 1 Nov 2020 | $2.5B | $1.6B – $2.8B | $2.5B (0%) | after a round | – | unknown | A | 0% |
| 1 Dec 2020 | $2.5B | $1.5B – $2.8B | $2.5B (0%) | after a round | – | unknown | B | 0% |
| 1 Jan 2021 | $2.5B | $1.5B – $2.8B | $2.5B (0%) | after a round | 420 | unknown | B | 0% |
| 1 Feb 2021 | $2.5B | $1.4B – $2.8B | $2.5B (0%) | after a round | 420 | unknown | B | 0% |
| 1 Mar 2021 | $2.5B | $1.3B – $2.8B | $2.5B (0%) | after a round | 420 | unknown | B | 0% |
| 1 Apr 2021 | $2.5B | $1.3B – $2.8B | $2.5B (0%) | after a round | 420 | flat | B | 0% |
| 1 May 2021 | $2.5B | $1.2B – $2.8B | $2.5B (0%) | after a round | 420 | flat | B | 0% |
| 21 May 2021 | $2.9B | $2.5B – $4.3B | $3.8B (+30%) | after a round | 420 | flat | A | 0% |
| 1 Jun 2021 | $2.9B | $2.5B – $4.3B | $3.8B (+29%) | after a round | 420 | flat | A | 0% |
| 1 Jul 2021 | $3.0B | $2.5B – $4.3B | $3.8B (+26%) | after a round | 420 | flat | A | 0% |
| 1 Aug 2021 | $3.1B | $2.5B – $4.3B | $3.8B (+23%) | after a round | 420 | flat | A | 0% |
| 1 Sep 2021 | $3.1B | $2.5B – $4.3B | $3.8B (+21%) | after a round | 420 | flat | A | 0% |
| 1 Oct 2021 | $3.2B | $2.5B – $4.3B | $3.8B (+18%) | after a round | 420 | flat | A | 0% |
| 1 Nov 2021 | $3.3B | $2.5B – $4.3B | $3.8B (+15%) | after a round | 420 | flat | A | 0% |
| 1 Dec 2021 | $3.3B | $2.5B – $4.3B | $3.8B (+13%) | after a round | 420 | flat | A | 0% |
| 1 Jan 2022 | $2.9B | $2.5B – $3.3B | $1.9B (-35%) | after a round | 110 | shrinking | A | 97% |
| 1 Feb 2022 | $2.9B | $2.5B – $3.3B | $1.8B (-39%) | after a round | 110 | shrinking | A | 97% |
| 1 Mar 2022 | $2.9B | $2.5B – $3.3B | $1.7B (-42%) | after a round | 110 | shrinking | A | 97% |
| 1 Apr 2022 | $2.9B | $2.5B – $3.3B | $1.6B (-46%) | after a round | 110 | shrinking | A | 97% |
| 1 May 2022 | $2.9B | $2.5B – $3.3B | $1.5B (-49%) | after a round | 110 | shrinking | A | 97% |
| 1 Jun 2022 | $2.8B | $2.4B – $3.3B | $1.4B (-51%) | after a round | 110 | shrinking | A | 97% |
| 1 Jul 2022 | $2.7B | $2.3B – $3.2B | $1.3B (-50%) | after a round | 110 | shrinking | A | 97% |
| 1 Aug 2022 | $2.5B | $2.1B – $3.1B | $1.3B (-49%) | after a round | 110 | shrinking | A | 97% |
| 1 Sep 2022 | $2.4B | $2.0B – $3.1B | $1.2B (-48%) | after a round | 110 | shrinking | A | 97% |
| 1 Oct 2022 | $2.2B | $1.8B – $3.0B | $1.2B (-47%) | after a round | 110 | shrinking | A | 97% |
| 1 Nov 2022 | $2.3B | $1.7B – $3.1B | $1.5B (-35%) | after a round | 110 | unknown | B | 89% |
| 1 Dec 2022 | $2.3B | $1.6B – $3.1B | $1.6B (-31%) | after a round | 110 | unknown | B | 82% |
| 1 Jan 2023 | $2.2B | $1.5B – $3.1B | $1.6B (-28%) | after a round | 110 | unknown | B | 76% |
| 1 Feb 2023 | $2.2B | $1.4B – $3.0B | $1.6B (-25%) | after a round | 110 | unknown | B | 70% |
| 1 Mar 2023 | $2.2B | $1.3B – $3.0B | $1.7B (-22%) | after a round | 110 | unknown | B | 64% |
| 1 Apr 2023 | $2.2B | $1.2B – $3.0B | $1.7B (-20%) | after a round | 110 | unknown | B | 59% |
| 1 May 2023 | $2.1B | $1.1B – $3.0B | $1.8B (-17%) | after a round | 110 | unknown | B | 54% |
| 1 Jun 2023 | $2.1B | $1.0B – $3.0B | $1.7B (-18%) | after a round | 110 | unknown | B | 50% |
| 1 Jul 2023 | $2.1B | $963M – $3.1B | $1.8B (-17%) | after a round | 110 | unknown | B | 46% |
| 1 Aug 2023 | $2.2B | $915M – $3.1B | $1.8B (-16%) | after a round | 110 | unknown | C | 42% |
| 1 Sep 2023 | $2.2B | $869M – $3.1B | $1.8B (-15%) | after a round | 110 | unknown | C | 39% |
| 1 Oct 2023 | $2.2B | $828M – $3.1B | $1.9B (-15%) | after a round | 110 | unknown | C | 36% |
| 1 Nov 2023 | $2.2B | $786M – $3.2B | $1.9B (-14%) | after a round | 110 | unknown | C | 33% |
| 1 Dec 2023 | $2.3B | $749M – $3.2B | $2.0B (-13%) | after a round | 110 | unknown | C | 30% |
| 1 Jan 2024 | $2.3B | $711M – $3.2B | $2.0B (-12%) | after a round | 110 | unknown | C | 28% |
| 1 Feb 2024 | $2.3B | $676M – $3.2B | $2.0B (-11%) | after a round | 110 | unknown | C | 26% |
| 1 Mar 2024 | $2.3B | $645M – $3.2B | $2.1B (-11%) | after a round | 110 | unknown | C | 24% |
| 1 Apr 2024 | $2.4B | $613M – $3.2B | $2.1B (-10%) | after a round | 110 | unknown | C | 22% |
| 1 May 2024 | $2.4B | $583M – $3.2B | $2.1B (-9%) | after a round | 110 | unknown | C | 20% |
| 1 Jun 2024 | $2.3B | $554M – $3.2B | $2.2B (-8%) | after a round | 110 | unknown | C | 18% |
| 1 Jul 2024 | $2.4B | $528M – $3.2B | $2.2B (-8%) | after a round | 110 | unknown | C | 17% |
| 1 Aug 2024 | $2.4B | $501M – $3.2B | $2.2B (-7%) | after a round | 110 | unknown | C | 16% |
| 1 Sep 2024 | $2.4B | $476M – $3.2B | $2.2B (-7%) | after a round | 110 | unknown | C | 14% |
| 1 Oct 2024 | $2.4B | $454M – $3.2B | $2.3B (-6%) | after a round | 110 | unknown | C | 13% |
| 1 Nov 2024 | $2.8B | $431M – $3.2B | $2.8B (0%) | after a round | 110 | unknown | D | 0% |
| 1 Dec 2024 | $2.8B | $410M – $3.2B | $2.8B (0%) | after a round | 110 | unknown | D | 0% |
| 1 Jan 2025 | $2.8B | $390M – $3.2B | $2.8B (0%) | after a round | 110 | unknown | D | 0% |
| 1 Feb 2025 | $2.8B | $371M – $3.2B | $2.8B (0%) | after a round | 110 | unknown | D | 0% |
| 1 Mar 2025 | $2.8B | $354M – $3.2B | $2.8B (0%) | after a round | 110 | unknown | D | 0% |
| 1 Apr 2025 | $2.8B | $336M – $3.2B | $2.8B (0%) | after a round | 110 | unknown | D | 0% |
| 1 May 2025 | $2.8B | $320M – $3.2B | $2.8B (0%) | after a round | 110 | unknown | D | 0% |
| 1 Jun 2025 | $2.8B | $304M – $3.2B | $2.8B (0%) | after a round | 110 | unknown | D | 0% |
| 1 Jul 2025 | $2.8B | $290M – $3.2B | $2.8B (0%) | after a round | 110 | unknown | D | 0% |
| 1 Aug 2025 | $2.8B | $275M – $3.2B | $2.8B (0%) | after a round | 110 | unknown | D | 0% |
| 1 Sep 2025 | $4.3B | $400M – $4.9B | $4.3B (0%) | after a round | 760 | unknown | D | 0% |
| 1 Oct 2025 | $3.8B | $382M – $4.4B | $3.4B (-9%) | after a round | 771 | flat | D | 0% |
| 1 Nov 2025 | $3.8B | $363M – $4.3B | $3.4B (-9%) | after a round | 771 | flat | D | 0% |
| 1 Dec 2025 | $3.7B | $346M – $4.3B | $3.4B (-9%) | after a round | 771 | flat | D | 0% |
| 1 Jan 2026 | $3.7B | $329M – $4.2B | $3.4B (-9%) | after a round | 771 | flat | D | 0% |
| 1 Feb 2026 | $3.8B | $316M – $4.4B | $3.6B (-7%) | after a round | 809 | flat | D | 0% |
| 1 Mar 2026 | $3.8B | $301M – $4.4B | $3.5B (-7%) | after a round | 809 | flat | D | 0% |
| 1 Apr 2026 | $3.8B | $291M – $4.4B | $3.5B (-7%) | after a round | 809 | flat | D | 0% |
| 1 May 2026 | $3.9B | $579M – $4.5B | $3.6B (-6%) | after a round | 848 | up | D | 0% |
| 1 Jun 2026 | $3.9B | $579M – $4.4B | $3.6B (-6%) | after a round | 848 | up | D | 0% |
| 1 Jul 2026 | $3.8B | $579M – $4.4B | $3.6B (-6%) | after a round | 848 | up | D | 0% |
| 1 Aug 2026 | $3.9B | $581M – $4.5B | $3.7B (-5%) | after a round | 864 | up | D | 0% |
| 1 Sep 2026 | $3.9B | $581M – $4.5B | $3.7B (-5%) | after a round | 864 | up | D | 0% |
| 1 Oct 2026 | $4.0B | $586M – $4.6B | $3.8B (-4%) | after a round | 901 | up | D | 0% |
| 24 Oct 2026 | $4.0B | $586M – $4.6B | $3.8B (-4%) | after a round | 901 | up | D | 0% |
Key facts about RigUp
- Founded
- Not on record
- Headquarters
- Austin, United States
- Employees
- about 901 +17% in a year
- Total raised
- $676M
- Funding rounds
- 4
- Last round
- Series E May 2021
RigUp was founded by Michael Witte, Mike Witte and Xuan Yong.
RigUp funding history
RigUp has 4 funding rounds on record, from Feb 2018 to May 2021, $676M in total. The latest disclosed valuation is $2.90B post-money (Series E, May 2021).
Series E 20 May 2021
Led by Baillie Gifford; with Andreessen Horowitz, Founders Fund.
Sources: rigup.com, techcrunch.com, 1worktech.com and 1 more
$300M
$2.90B post-money
Series D 10 Oct 2019
Led by Andreessen Horowitz; with Founders Fund, Bedrock, Quantum, Baillie Gifford, Brookfield.
Sources: rigup.com, newswire.com, wilmerhale.com
$300M
$1.90B post-money
Series C 29 Jan 2019
Led by Founders Fund; with Quantum, Global Reserve Group, Bedrock.
Sources: rigup.com, prnewswire.com
$60M
Series B 6 Feb 2018
Led by Quantum, Global Reserve Group; with Founders Fund.
Sources: finsmes.com, rigup.com, prnewswire.com and 1 more
$16M
RigUp investors
7 investors have backed RigUp; Founders Fund, Quantum and Andreessen Horowitz and 2 more led at least one round.
- Founders Fund lead, 4 rounds
- Andreessen Horowitz lead, 2 rounds
- Baillie Gifford lead, 2 rounds
- Global Reserve Group lead, 2 rounds
- Brookfield
What RigUp does
RigUp works in tech companies, with 14 recorded offerings and customers in energy.
RigUp, Inc. is an American software company engaged in providing technology solutions for the energy industry. The company offers a platform that integrates vendor management, staffing and payroll, bid management, capital management, workforce management, and field services, as well as sourcing, onboarding, compliance, payments, and data management. RigUp serves energy companies, energy services companies, and energy workers, with a focus on the midstream and upstream sectors. The company also utilizes AI-powered insights and an AI chatbot to support operational efficiency and decision-making.
Description from Veridion's company data.
Products and services
- Energy Field Operations Software Development
- Vendor Management Solutions
- Staffing and Payroll Management Solutions
- Bid Management Solutions
- Capital Management Solutions
- Workforce Management Solutions
- Field Services Management Solutions
- Sourcing and Onboarding Management
- Compliance Management Solutions
- Data Management Solutions
- AI-Powered Insights Services
- AI Chatbot Services
- Cost Optimization Consulting
- Operational Efficiency Consulting
Markets
- Energy
Technology
- AI-Powered Insights
- AI Chatbot
Business model
- Business-to-Business
- Service Provider
- Software-as-a-Service
- Enterprise
Industry codes (NAICS)
- 541512 Computer Systems Design Services 100% match
Questions about RigUp
What is RigUp worth?
Valuation $4.0B (range $586M to $4.6B), as of 24 Oct 2026. The last disclosed valuation was $2.90B (Series E, May 2021).
Has RigUp raised money?
RigUp has 4 funding rounds on record, from Feb 2018 to May 2021, $676M in total. The latest disclosed valuation is $2.90B post-money (Series E, May 2021).
Who has invested in RigUp?
Founders Fund, Quantum, Andreessen Horowitz, Baillie Gifford, Global Reserve Group and Bedrock, and 1 more. Lead investors include Founders Fund, Quantum, Andreessen Horowitz and Baillie Gifford.
How many people work at RigUp?
About 901, up 17% over the last year. Headcount grew from 420 in Jan 2021 to 901 in Sep 2026.
What does RigUp do?
RigUp works in tech companies, with 14 recorded offerings and customers in energy. Its main offerings are energy field operations software development, vendor management solutions and staffing and payroll management solutions.
Where is RigUp based?
RigUp is based in Austin, United States; its founding year is not on record. It has about 901 employees, up 17% over the last year.