Marpai Announces $12 Million Private Placement

Marpai, based in Tampa, Florida, is a healthcare technology company that provides third-party administration and pharmacy benefit management services. The company has raised $12.1 million in a Series A preferred private placement.

Investors

The funding round was led by Mitchell Companies, a family office and investment platform focusing on industrial, technology-enabled, and healthcare services.

Marpai Use of Funds

The company plans to use the capital to accelerate its growth trajectory, strengthen its technology-enabled healthcare services platform, and advance its mission of delivering efficient healthcare administration solutions for employers, brokers, and healthcare partners. The funds will also serve to strengthen the financial position of the firm as it scales its operations.

About Marpai

Marpai, Inc. is a healthcare technology company focused on redefining third-party administration and pharmacy benefit management landscapes. By blending industry expertise with data-driven technology, the company empowers self-funded employers to improve plan performance and reduce healthcare spending while enhancing member outcomes.

Funding Details

Company Website: https://marpaihealth.com

Company: Marpai, Inc.
Raised: $12.1M
Round: Series A-Private Placement
Funding Date: July 29, 2026
Lead Investor: Mitchell Companies
Software Category: HealthTech
Source: https://www.prnewswire.com/news-releases/marpai-announces-12-million-private-placement-led-by-mitchell-companies-302838261.html