Marpai, a pre-revenue managed health plan platform for self-insured employers, filed on Tuesday with the SEC to raise up to $31 million in an initial public offering.
Marpai aims to create the healthcare payer of the future for self-insured employers by using artificial intelligence to predict costly events and optimize care. Marpai is the result of the combination of Marpai Health, its AI-focused subsidiary with a research and development team in Tel Aviv, Israel, and Continental Benefits, a provider of administration services to self-insured employer groups across the US.
The Tampa, FL-based company was founded in 2019 and plans to list on the Nasdaq under the symbol MRAI. Marpai filed confidentially on February 12, 2021. ThinkEquity is the sole bookrunner on the deal. No pricing terms were disclosed.
