Upwork is a publicly traded freelancing marketplace that connects businesses of all sizes with independent professionals, agencies, and fractional leaders across more than 10,000 skills worldwide. The platform evolved from the merger of two early online work pioneers, Elance (founded in 1999) and oDesk (founded in 2003), which combined in 2013 as Elance-oDesk and rebranded as Upwork in 2015. en.wikipedia.org
Headquartered in Palo Alto, California, Upwork operates a large-scale work marketplace used by clients ranging from one-person startups to over 30% of the Fortune 100. Its marketplace spans categories such as development and IT, design and creative, sales and marketing, customer support, finance and accounting, consulting, operations, legal, and HR and training. Independent professionals on Upwork earned over $3.3 billion in 2021 through the platform, underscoring its role as a major channel for remote and freelance work globally. stockanalysis.com
For businesses, Upwork offers several ways to engage talent: posting open roles to the Talent Marketplace, purchasing pre-scoped Project Catalog offerings, booking expert consultations, or using Enterprise and Any Hire solutions for more complex, scaled programs. Clients get built-in tools for job posting, AI-assisted matching and job post generation, talent vetting based on work history and reviews, Work Diary time tracking, collaboration via chat and video, escrow-based payments, and dispute resolution. Business Plus and Enterprise plans add capabilities like Uma Recruiter (an AI-powered hiring agent), advanced reporting, domain-based team controls, compliance and classification support, and API access. upwork.com
Upwork is positioned as a flexible alternative or complement to traditional staffing and consulting, especially for organizations looking to tap fractional executives, specialized experts, and distributed teams. With around 600 employees and 2024 revenue of roughly $769 million, the company is one of the largest players in the freelance and external talent market and is included in indices such as the Russell 2000 and S&P 600. Its strategy increasingly focuses on higher-value clients and enterprise use cases, while continuing to serve millions of smaller businesses that need occasional or project-based help. en.wikipedia.org