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Marpai secures $12 million in a Private Placement led by Mitchell Companies to accelerate growth and strengthen its healthcare technology services.

PUBLIC · MRAIJul 29, 2026•about 8 hours ago

Amount Raised

$12 Million

Round Type

Post-IPO Equity

Health CareHuman ResourcesEmployee Benefits

Investors

Mitchell Companies

Description

Marpai, Inc. announces a $12 million private placement of newly designated convertible preferred stock led by Mitchell Companies. The investment will enhance Marpai's healthcare services and financial position. CEO Damien Lamendola emphasized its importance for executing their strategic vision and scaling operations

Company Information

Company

Marpai

Location

33-04 00

About

Maestro Health is an employee benefits company based in Chicago, founded in 2013. The company specializes in simplifying the purchase and management of health insurance and related benefits for employers and their employees. Its main product, maestroEDGE, is a comprehensive benefits administration software platform that serves over 1 million employees across the United States. This platform provides a centralized solution for insurance shopping, managing health savings accounts (HSAs), flexible spending accounts (FSAs), and other benefits. In 2018, Maestro Health was acquired by AXA Group, a multinational insurance firm, and operates as a wholly owned subsidiary while maintaining its brand and operational independence. The company focuses on helping employers streamline benefits administration and enhance the employee experience through user-friendly technology. With a team of over 300 employees, Maestro Health continues to innovate in the employee benefits sector.

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