Strategic investment provides capital to accelerate growth, advance technology and expand Marpai’s healthcare services platform.
TAMPA, Fla.— July 29, 2026 — Marpai, Inc. (“Marpai” or the “Company”) (OTCQX: MRAI), a healthcare technology company providing Third Party Administration (“TPA”) and Pharmacy Benefit Management (“PBM”) services, today announced that it has entered into securities purchase agreements with accredited investors for a $12 million private placement led by Mitchell Companies.
The investment strengthens Marpai’s financial position and provides additional capital to execute its growth strategy, advance its technology roadmap and scale its operations. It also supports the Company’s broader vision of building a differentiated healthcare services platform that delivers greater transparency, lower healthcare costs and improved outcomes for employers and their members.
BUILDING A DIFFERENTIATED HEALTHCARE SERVICES PLATFORM
Marpai combines healthcare administration, pharmacy benefit management, and data driven technology to help self-funded employers improve health plan performance and manage rising healthcare costs.
The Company’s integrated platform serves employers, members, brokers and healthcare partners with transparent administration, actionable information and proactive solutions designed to improve the overall healthcare experience.
“This investment represents a major milestone for Marpai,” said Damien Lamendola, Chief Executive Officer of Marpai. “It gives us the capital to accelerate our technology roadmap, expand our capabilities and pursue the significant market opportunities ahead of us. Mitchell Companies brings more than capital. They share our long-term vision and will be an important strategic partner as we continue building and scaling the business.”
STRONG LEADERSHIP AND A SHARED VISION
The investment reflects Mitchell Companies’ strategy of partnering with strong leadership teams operating scalable businesses with significant long term growth potential.
“We are excited to support Marpai and its leadership team during this next stage of growth,” said Steve Mitchell, Chairman of Mitchell Companies. “Damien and his team have the industry knowledge, technology platform and operating focus required to build a highly differentiated healthcare services company. We believe Marpai has an opportunity to create meaningful long-term value by helping employers lower healthcare costs while delivering a better experience for members.”
Additional information regarding the private placement will be provided in Marpai’s filings with the Securities and Exchange Commission.
The securities offered in the private placement have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements.
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ABOUT MITCHELL COMPANIES
Mitchell Companies is a family office and investment platform focused on building and supporting businesses across industrial services, technology enabled services, healthcare, energy and related sectors. Mitchell Companies partners with leadership teams by providing capital, strategic support, operational guidance and long term growth resources. For more information, visit www.mitchellgrowthequity.com.
ABOUT MARPAI, INC.
Marpai, Inc. (OTCQX: MRAI) is a healthcare technology company providing Third Party Administration and Pharmacy Benefit Management services. Marpai supports self funded employer health plans with solutions designed to improve plan performance, manage healthcare costs and enhance outcomes for members. For more information, visit www.marpaihealth.com.