A Total of $1.7 Million Raised in Q3 2025

TAMPA, Fla., Oct. 6, 2025 — Marpai, Inc. (“Marpai” or the “Company”) (OTCQX: MRAI), an independent national Third-Party Administration (“TPA”) company today announced a private placement for the purchase and sale of 147,058 shares of common stock to HillCour Investment Fund, LLC (“HillCour”), an entity controlled by the Company’s Chief Executive Officer, Damien Lamendola, at a price of $1.36 per share for aggregate gross proceeds of approximately $200,000. The Company intends to use the net proceeds from the offering for general corporate purposes, including accelerating the deployment of advanced product offerings, expanding and enhancing Marpai’s technology platform and deepening market penetration among self-funded employer groups nationwide.

“I continue to invest in Marpai because I believe in what we’re building—smarter healthcare, better outcomes, and a scalable platform that’s disrupting a massive market,” said Damien Lamendola, CEO and Director of Marpai, Inc. “My personal commitment—financial and operational—reflects my deep confidence in our team, our technology, and our ability to execute on a growth strategy that I believe will lead to sustainable profitability. I am all in.”

The offering is being made in reliance on an exemption from the registration requirement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and/or Regulation D promulgated thereunder, and applicable state securities laws. Accordingly, the securities offered in the private placement may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirement of the Securities Act and such applicable state securities laws.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Marpai, Inc.

Marpai, Inc. (OTCQX: MRAI) is a technology platform company which operates subsidiaries that provide TPA and value-oriented health plan services to employers that directly pay for employee health benefits. Primarily competing in the $150 billion TPA sector and $550 billion Pharmacy Benefit Management (“PBM”) industry serving self-funded employer health plans representing over $1.5 trillion in annual claims. Through its Marpai Saves initiative, the Company works to deliver the healthiest member population for the health plan budget. Operating nationwide, Marpai offers access to leading provider networks including Cigna and all TPA services. For more information, visit www.marpaihealth.com, the content of which is not incorporated by reference into this press release. Investors are invited to visit https://ir.marpaihealth.com.

About HillCour Investment Fund

HillCour Investment Fund is a private investment vehicle managed by Damien Lamendola, focused on high-growth, technology-driven companies positioned for disruptive market impact.

Forward-Looking Statement Disclaimer

This press release contains forward-looking statements, as that term is defined in the Private Litigation Reform Act of 1995, that involve significant risks and uncertainties. Forward-looking statements can be identified through the use of words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “guidance,” “may,” “can,” “could”, “will”, “potential”, “should,” “goal” and variations of these words or similar expressions. For example, the Company is using forward looking statements when it discusses the expected use of proceeds and that Mr. Lamendola’s personal financial and operational commitment reflects his deep confidence in the Company’s team, technology and its ability to execute on a growth strategy that it believes will lead to sustainable profitability. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect Marpai’s current expectations and speak only as of the date of this release. Actual results may differ materially from Marpai’s current expectations depending upon a number of factors. These factors include, among others, adverse changes in general economic and market conditions, competitive factors including but not limited to pricing pressures and new product introductions, uncertainty of customer acceptance of new product offerings and market changes, risks associated with managing the growth of the business. Except as required by law, Marpai does not undertake any responsibility to revise or update any forward-looking statements whether as a result of new information, future events or otherwise.

More detailed information about Marpai and the risk factors that may affect the realization of forward-looking statements is set forth in Marpai’s filings with the Securities and Exchange Commission. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov.

SOURCE Marpai

Firm’s sweet spot is backing top technical talent – MIT alumni – with outsized technical depth, a deep sense of urgency and an unmatched ambition to build industry-leading companies

NEW YORK, Oct. 6, 2025 — October 6, 2025 – Sugar Free Capital today announced the launch of its $32 million inaugural fund, investing in (often MIT) technical founders. The firm employs a unique, high conviction strategy, writing lead checks into a concentrated portfolio with high-quality engagement. Founded by proven venture capital investor Sheena Jindal, the fund raised within just six months with commitments from leading institutional investors, and the family offices of technical luminaries, including executives from Nvidia, Citadel, Jane Street, Renaissance Technologies, Crusoe and The Boston Consulting Group.

Sugar Free Capital was founded on two core beliefs: first, that technical founders with a systems engineering mindset will be the CEOs of the next generation of category-defining companies; and second, that high-concentration, conviction-led capital allocation generates outsized returns. The firm focuses on founders who demonstrate outsized technical depth, a deep sense of urgency, and unmatched ambition – and who are building companies designed to scale to $100M+ in revenue.

“The opportunity for (MIT) technical founders has never been greater, and we have been early investors and evangelists of this talent pool for the past decade,” says Jindal. “We operate with focus, allowing us to be the center of gravity for MIT founders. Through our years of cultivating this ecosystem, we support our founders throughout their lifecycle via our network and with mission-critical support, such as go-to-market, engineering talent, and high-quality engagement that allows for long-term partnership.”

Jindal brings more than seven years of institutional venture experience, with prior roles at Bessemer and Comcast Ventures (CV). At CV she was one of the most active Partners, built a top decile track record, and pioneered new investment theses. She served on the boards of OfferUp, Curbio, SevenRooms, Amplemarket, Avibra, and Juno, and was actively involved with other investments, including Nurx and Papa.

A resonant theme across Sugar Free’s founders is technical excellence. Sugar Free consistently invests in teams who are “one of the ten people in the world who could be building this.” This focus creates precision in the firm’s investment philosophy and enables disciplined portfolio construction.

Sugar Free will invest in up to 15 companies per fund, making four to five investments per year. This concentrated approach reflects the firm’s contrarian view that 97% of venture returns come from ~25 companies per year, and Sugar Free’s strategy is to invest in those outliers rather than spread wide. Sugar Free has made four out of 15 investments to date, in category-defining companies building within Physical AI, Gaming, Defense, and AI native-infrastructure. 75% of the portfolio to date is MIT founders, though the firm also backs exceptional technical founders across the U.S.

About Sugar Free Capital
Sugar Free Capital is a high conviction firm investing in (often MIT) Technical Founders who have demonstrated outsized technical depth, have a deep sense of urgency, and an unmatched ambition to build the next category defining companies. The firm leads and invests early, operating with focus – supporting a concentrated portfolio with high-quality engagement. From the earliest stages through scaling and beyond, the firm partners with founders on mission critical support, across go-to-market, engineering talent, and other areas that enable a long-term partnership. SFC is based in New York. Learn more about us here and follow us on LinkedIn and X.

Media Contact:
Tim Turpin
[email protected]

SOURCE Sugar Free Capital

SAN FRANCISCO, Oct. 6, 2025 — Opslyft, a fast-growing technology company that has demonstrated strong traction in India, today announced that it has raised funding from 500 Global and other notable investors. This milestone comes as Opslyft prepares for expansion into the United States, with a strong focus on bringing its AI-powered Cloud Cost Intelligence Platform to American enterprises.

Founded to simplify and optimize cloud and infrastructure operations, Opslyft has built an AI-powered Cloud Cost Intelligence Platform that helps engineering and DevOps teams gain visibility, reduce costs, and automate decision-making. The company has already established early success in India, working with a growing base of customers who are seeing tangible improvements in efficiency, operational agility, and cloud performance.

Now, with the backing of 500 Global, Opslyft is setting its sights on the U.S. market. The company will leverage this investment to scale its go-to-market presence, form partnerships, and double down on AI initiatives that deliver greater customer value. The U.S. remains the world’s largest and most competitive technology market, and Opslyft aims to become a key player by helping businesses unlock new levels of automation and efficiency in their cloud operations.

“Joining the 500 Global portfolio is a major milestone for us,” said Aayush Kumar, Founder and CEO of Opslyft. “We’ve validated our solutions in India and proven that companies want smarter ways to manage cloud costs. This funding will allow us to build a strong U.S. presence while continuing to invest in AI-driven innovation that creates long-term value for our customers.”

Opslyft’s vision is to empower global enterprises to innovate faster by removing cloud cost bottlenecks and optimizing resources through intelligent automation. With this funding, the company is poised to accelerate growth, expand its team in the United States, and establish itself as a category-defining company in cloud cost intelligence.

Media Contact:
Aayush Srivastava
Head of Growth
[email protected]

Logo: https://mma.prnewswire.com/media/2789431/OPSLYFT_Logo.jpg

SOURCE Opslyft

• MediView secures $24M Series A led by GE HealthCare, Mayo Clinic, and Cleveland Clinic to revolutionize image-guided surgery through augmented reality and AI.
• AR-powered “X-ray vision” gives clinicians real-time 3D data insights—fusing CT and live ultrasound for unprecedented precision, safety, and collaboration in surgery.
• FDA-Cleared navigation platform redefines how physicians see and treat inside the body—simplifying procedures and expanding access to less invasive care.
• Funding accelerates commercialization, clinical validation, global expansion, and product development of MediView’s cutting-edge surgical visualization and navigation ecosystem.

CLEVELAND, Oct. 6, 2025 — MediView XR, Inc., a pioneer in augmented reality (AR) surgical navigation, guidance, and image fusion, today announced the close of its $24 million Series A funding round. The round was led by GE HealthCare with investment from Cleveland Clinic, Mayo Clinic, Edge Ventures, the investment arm of Emplify Health, and JobsOhio Growth Capital Fund. The investor syndicate underscores strong confidence from some of the world’s most influential healthcare and technology leaders. 

MediView, a medtech company founded upon Cleveland Clinic-developed intellectual property, has introduced a new FDA-cleared surgical navigation and imaging platform that empowers clinicians to see 3D anatomy through a patient’s skin during medical procedures. Practitioners can interact with 3D patient data and live medical imaging in real time, integrating advanced visualization with precision procedural guidance. This technology represents a paradigm shift in how physicians plan, navigate, and perform minimally invasive procedures, integrating advanced visualization with precision procedural guidance.

“Our mission is to simplify, democratize, and inform medical procedures by giving clinicians intuitive, real-time 3D visualization and guidance tools to aid in their clinical decision making,” said Mina Fahim, MediView CEO. “We are redefining how to understand and navigate the relationship between interventional tools and target anatomy making less invasive procedures more predictable and accessible. Our partnership and collaboration with GE HealthCare, Cleveland Clinic, Mayo Clinic and Emplify Health accelerates our ability to expand clinical and commercial adoption of our innovative solutions towards improving outcomes, enhancing safety, and creating a new standard in interventional care.” 

Accelerating Growth and Leading Innovation 

With this financing, MediView will: 

• Grow commercial and clinical adoption of its AR clinical solutions. 

• Expand industry partnerships with medical imaging, therapeutic devices, and enabling technology collaborators towards broader adoption. 

• Advance clinical validation/publications and regulatory approvals demonstrating clinical, workflow, and economic value. 

• Continue product and advanced development leadership in surgical visualization, navigation, data insights and remote collaboration, expanding utility across multiple clinical specialties. 
• Grow operational capacity to meet increasing demand from healthcare institutions worldwide. 

Solving Long-Standing Challenges in Imaging 

Current medical imaging forces physicians to translate 2D imaging and flat black and white displays into 3D mental maps, putting a cognitive burden on them as they perform procedures. This often leads them to divert their eyes from the patient, disrupting natural hand–eye coordination. MediView’s AR fusion platform replaces this limitation by giving clinicians “X-ray vision”—the ability to see a patient’s internal anatomy through their skin in full 3D context, overlaid directly into their body.  

By fusing 3D CT scans with live ultrasound, MediView enables real-time, interactive visualization of organs, tissue, vasculature, and target anatomy such as tumors. This empowers proceduralists to: 

• Target inconspicuous lesions with accuracy. 

• Reduce cognitive load and improve workflow efficiency. 

• Maintain precision during challenging interventions such as biopsies, tumor ablations, injections and other interventional procedures. 

• Collaborate remotely with colleagues through shared visualization and guidance tools. 

• The result is a head-up, hands-free 3D experience that transforms pre-operative planning and intra-operative navigation—bringing new clarity, ergonomics, and collaboration into interventional procedures. 

“Our collaboration with MediView reflects a shared commitment to integrating advanced imaging with intuitive augmented reality technologies that have the potential to transform precision care,” said Meraj Khan, Chief Marketing Officer, Surgical Innovations, Advanced Visualization Solutions, GE HealthCare. “We’re proud to help lead this funding round and redefine how clinicians visualize anatomy in real-time to enhance procedural guidance and navigation.”

Rapid advancements in AI, paired with the inevitable intersection of AR are set to dramatically transform surgery by reducing time-consuming tasks.  This powerful combination has the potential to significantly streamline crucial medical workflows, including image processing, preoperative planning and post operative processes.  By integrating AI into AR-enhanced medical systems, healthcare providers can look forward to faster, more efficient, and potentially more precise surgical operations.

About MediView 

MediView is a Cleveland, OH based med-tech company working to advance healthcare delivery through intuitive visualization, seamless collaboration, and data-driven insights. MediView’s comprehensive augmented reality platform aims to unlock the full potential of 3D data to transform image-guided medical procedures, making less invasive procedures more accessible.

For media inquiries, please contact:  

Karly Kocik 
Digital Marketing & Events Manager 
MediView 
[email protected] 
(216) 306-1977

SOURCE MediView XR, Inc.

Fintech pioneer bringing the Financial OS for the $650B U.S. home services industry to the global fintech stage in Las Vegas.

SAN FRANCISCO, Oct. 6, 2025 — iWallet®, the Financial Operating System for the home services industry, today announced it has been selected to pitch in the Startup Hub Competition at Money20/20 USA, the world’s leading fintech conference. The event will take place October 26–29, 2025 in Las Vegas, where iWallet will showcase its category-defining innovation to investors, partners, and global media.

iWallet digitizes payments, financing, and reconciliation for contractors, distributors, OEMs, and consumers — a $650B vertical that remains largely paper-based and underserved by modern financial infrastructure. The company has surpassed $1 billion in gross payment volume (GPV) including committed transactions, is cash-flow positive and fully bootstrapped, and continues to grow more than 3× year-over-year.

“We’re honored to be recognized by Money20/20,” said Jim Kolchin, Founder and CEO of iWallet. “Fintech has transformed retail and restaurants, yet the massive home-services industry is still running on paper checks and manual workflows. iWallet is changing that — we’re building the Financial OS that connects every layer of the ecosystem: distributors, OEMs, contractors, and consumers.”

The Financial OS for Home Services

iWallet’s patented and patent-pending technologies unify every critical financial workflow in home services:

• Payments and Reconciliation – mobile check deposit, Tap-to-Pay, automated reconciliation, and real-time reporting.
• Risk & Trust Engine – dual underwriting with regulated partner Paya, distributor verification, live-video onboarding, and AI-driven monitoring that keeps fraud losses near zero.
• AI Recovery Layer – large-language-model technology that generates compliant recovery communications and has already enabled successful fraud recovery in production.
• Lending & Rebates – embedded financing and rebate automation that help OEMs manage incentive programs and distributors reduce DSO.
• FSM Integration – processor-agnostic architecture that connects seamlessly with any field-service-management platform.

Together, these components make iWallet a comprehensive Financial Operating System for one of the largest yet least-digitized sectors of the U.S. economy.

About the Competition
Money20/20’s Startup Hub Pitch Competition showcases the world’s most promising early-stage fintech innovators. Each company is given five minutes on stage to present its problem, solution, traction, and vision before an audience of investors, corporate strategics, and the global press.

About iWallet^®
iWallet® is the Financial Operating System for the $650B U.S. home services industry. Built for HVAC, plumbing, appliance repair, and other field-service businesses, iWallet digitizes payments, contracts, and financing at the point of service. The company operates across all four stacks of the ecosystem — distributors, OEMs, contractors, and consumers — with more than $1 billion in committed payment volume. iWallet is cash-flow positive, bootstrapped, and growing 3× annually. Founded by serial entrepreneur Jim Kolchin, iWallet is headquartered in San Francisco, CA. Learn more at www.iwallet.com.

Media Contact:
Carla Santana
(866) 376-4880
[email protected]

SOURCE iWallet

KYIV, Ukraine, Oct. 6, 2025 — Ukraine-Moldova American Enterprise Fund (UMAEF, Fund) announces its investment in Fintech-IT Group, a leading developer of digital banking software in Ukraine, propelling the Company to a $1.0bn valuation in this growth equity round, achieving unicorn status and becoming the first FinTech unicorn out of Ukraine. UMAEF joins Fintech-IT Group founders Oleg Gorokhovskyi and Mykhaylo Rogalskyi, as the Company’s first financial investor and only non-founding shareholder. In addition to its direct investment, the Fund leads a consortium of American private investors investing alongside UMAEF.

Fintech-IT Group develops integrated software solutions for digital banking and is the software developer behind monobank – the #1 neobank in Ukraine, #2 retail bank overall, as well as one of the most successful neobanks globally. For two consecutive years, monobank has been listed among the world’s top 250 FinTech companies and top 35 global neobanks by CNBC. With 9.9m clients as of September 2025, it consistently maintains the highest NPS rating in the Ukrainian banking sector, receiving multiple awards annually. Fintech-IT Group’s technology also empowers tens of thousands of small and medium-sized enterprises (SMEs) in Ukraine to accept digital payments seamlessly, thus supporting the development of the SME ecosystem in the country.

“With this investment, UMAEF is expanding its existing portfolio of FinTech investments made through u.ventures, investing in a local leader launched and grown by best-in-class Ukrainian founders”, said Jaroslawa Z. Johnson, President and Chief Executive Officer of UMAEF. “Fintech-IT Group is a striking example of this strategy, achieving outstanding results in Ukraine’s financial services sector, and leading in technological advancement and customer satisfaction. The Company’s success is yet another testament to the strength of the Ukrainian tech ecosystem, depth of its technical talent, know-how and ingenuity.  Ms. Johnson ended by stating, “UMAEF has a long-standing history of investing into innovative FinTech companies with world-class ambition, as well as traditional banks, providing us with the capabilities to support Fintech-IT Group’s founders as they lead the Company through its next stage of high growth”.

UMAEF was created by the U.S. Congress in 1994 and is proud of its over 30-year history investing in enterprises in Ukraine and Moldova. UMAEF is a Delaware corporation governed by experienced American business professionals with initial funding of $150 million provided by the U.S. government.

“For over 30 years, we have prioritized investments to companies and projects in Ukraine that both generate returns for U.S. stakeholders, as well as promote the purchase of U.S. goods and services”, continued Dennis A. Johnson, Chairman of UMAEF’s Board of Directors (unrelated to Ms. Johnson). “By continuing to invest in Ukraine,  despite the full-fledged invasion in February 2022, we are paving the way for U.S. investors to invest in Ukraine’s future reconstruction, recovery and renewal. UMAEF was compelled to invest in Fintech IT-Group based on its strong fundamentals, high growth profile and blending of tech and finance in a sector of high interest to U.S. investors and already partnering with major U.S. companies, including Visa and Mastercard. We believe that UMAEF’s investment will provide comfort for other major U.S. investors to enter the Company – potentially at IPO on a leading U.S. stock exchange – and support the opening of a U.S. office.”

With the funds raised as a result of this growth equity round, Fintech-IT Group intends to continue investing into further developing its solutions and expanding the product suite, including financing and business services for SMEs, for the benefit of nearly 10 million Ukrainians using its products.

About Fintech-IT Group

Fintech-IT Group is a technology company developing integrated software solutions for digital banking and is the software developer behind monobank – the #1 neobank in Ukraine, today serving 9.9 million clients.

About UMAEF

Ukraine-Moldova American Enterprise Fund (UMAEF), formerly known as Western NIS Enterprise Fund (WNISEF), was created by the U.S. Congress in 1994, and is a leading regional fund, with over three decades of successful experience in Ukraine and Moldova (the “Region”). UMAEF’s mission focuses primarily on providing loans and equity to enterprises operating in sectors of interest to U.S. investors in the Region. UMAEF has invested $190 million in 143 companies, employing over 27,000 people in Ukraine and Moldova. Since inception, UMAEF has received $150 million in U.S. government funding, unlocking an estimated $2.4 billion in total capital for Ukrainian and Moldovan companies.

CONTACT:
Pavla Zahrebelnoho Street, 4,
Kyiv 01042, Ukraine
Т: +38 044 490 5580
F: +38 044 490 5589
[email protected]

175 West Jackson Blvd, STE 1640
Chicago, IL 60604
Tel: + 1 312 939 7003
Fax: +1 312 939 7004

www.umaef.org

SOURCE Ukraine-Moldova American Enterprise Fund (UMAEF)

LOS ANGELES, Oct. 3, 2025 — The Plug Drink (“The Plug”), the leading plant-based liver health supplement brand, is proud to announce that it has raised $5mm in equity and debt funding to propel its next phase of growth. The Plug’s Venture Round has spanned the past 14 months, during which it strengthened its position in the functional wellness market by launching The Plug Pill Jar in June 2025 and expanding into all Total Wine & More locations nationwide in September 2025.

This future capital will increase marketing investment and set the stage for further retail rollouts. The company is keeping its Venture Round open for additional strategic investors, as it brought in Korean Venture Funds earlier this year, and looks to accelerate its expansion and brand positioning.

Order The Plug Pill Jar Now

A Track Record of Investor Backing

“Our focus has always been on scaling the business with the right resources and trusted partners,” said Justin Kim, Co-Founder and COO. “We’re grateful for the incredible support received so far, and — with the round still open — we’re looking forward to bringing in a handful of additional strategic investors who share our vision for making liver health an everyday priority.”

What’s Next for The Plug

The Plug is now in the final stages of a milestone project to unlock a 40% increase in gross margins, along with innovating around new packaging formats and ingestion methods using its proprietary herbal recovery formula, keeping consumers engaged with science-backed wellness solutions.

The company recently announced to its subscribers a partnership with a $500mm nutrition telehealth company and celebrated its first profitable month in August 2025. By focusing on education, product innovation, and mainstream accessibility, The Plug is on track to become a household hero brand for liver health and beyond.

“With momentum on our side — profitable growth, retail expansion, and new partnerships — we’re building something that has staying power,” said Ray Kim, Co-Founder and CEO. “As we continue to connect with the right capital partners, we’re confident about where The Plug is heading for the rest of 2025 and beyond.”

About The Plug

The Plug, the leading all-natural liver health supplement brand, was founded in 2019 by brothers Ray and Justin Kim. After recognizing both the rise of fatty liver disease — which currently affects 1 in 3 Americans — and South Korea’s advancements in herbal recovery innovations, the brothers set out to bring a modern wellness solution to the U.S. market. Starting with The Plug Drink and later adding pill formats, the brand has grown with a strong digital presence and retail distribution across major U.S. cities.

Press Contact:
Justin Kim
[email protected] 

SOURCE The Plug Drink

LOS ANGELES, Oct. 3, 2025 — Wave Function Ventures is excited to announce the final close of its $15M Fund I. Wave Function was created to partner with deep tech founders building hardware solutions to the world’s most important problems.

Wave Function Ventures was started by industry veteran and solo GP Jamie Gull. Jamie has done it all; he’s built hardware, founded companies, raised venture capital, won contracts with the DoD, and ultimately exited companies. He is a former SpaceX engineer who played a key role on Falcon 9 reentry, designed and built aircraft at Scaled Composites, and cofounded and sold his own deep tech company, Talyn Air, a company that successfully went through Y Combinator. With this experience he is uniquely positioned to be the right thought partner for early stage founders at the most critical stage of their company building.

Wave Function invests across critical ‘deep tech’ sectors such as aerospace, defense, energy, robotics, and infrastructure and partners with founders at the earliest stages. In some cases, Wave Function will invest pre-incorporation, where Jamie can help founders shape rough ideas into compelling product plans and visions. Fund I has already made nine investments spanning those sectors, and the portfolio has shown strong traction, including multiple follow-on investments from top-tier firms.

“There’s never been a better time to build in hardware and create the next generation of huge companies with enduring legacies”, says Jamie, “and the best part is building something that truly matters.”

Fund I LP’s include founders, engineers, HNW individuals, as well as institutional support from Fund of Funds and large Family Offices.

With Fund I closed, it’s time to get back to building and backing and supporting incredible founders tackling the world’s most pressing problems, all while scaling Wave Function Ventures into a leading firm investing in hardware for the future.

To learn more about Wave Function Ventures, visit https://www.wavefunction.vc/. You can follow along on Twitter/X at https://x.com/jamiegull.

Wave Function Ventures is excited to announce the final close of its $15M Fund I. Wave Function was created to partner with deep tech founders building hardware solutions to the world’s most important problems.

SOURCE Wave Function Ventures

Top backend for AI-driven development will use new funding to serve the most data-intensive enterprises

SAN FRANCISCO, Oct. 3, 2025 — Supabase, the Postgres development platform, has raised $100 million in Series E funding at a $5 billion valuation. The round was led by Accel and Peak XV with participation from Figma Ventures and other returning investors, underscoring strong confidence in the company’s growth. The round comes just four months after their Series D, bringing their total funding to over $500 million.

As part of the Series E funding, Supabase intends to reserve an allocation for its community members to co-invest alongside institutional partners. This initiative reflects the founders’ commitment to community, and will provide an opportunity for open source advocates to participate directly in the company’s growth.

“Our community is what makes Supabase special, and it’s a priority to give them the opportunity to co-invest in what we’re building,” said Paul Copplestone, co-founder and CEO of Supabase. “With the new capital we’ll continue serving our community of over 4 million developers while building open source tools to scale Postgres.”

This round marks what has been a banner year for Supabase, emerging as the preferred backend for AI-driven development. Platforms like Lovable and Bolt run on Supabase, alongside more than 100,000 customers; from over 50% of the latest Y Combinator batch, to enterprises such as PwC, McDonald’s, and Github Next.

“Supabase is scaling with clarity and conviction while redefining what it means to build applications with AI,” said Arun Mathew, partner at Accel. “With millions of developers, enterprise validation, and a team of entrepreneurial builders, Supabase is emerging as the defining database for the next generation of software.”

Peak XV’s Shailendra Singh continued, “We’re excited to co-lead Supabase’s Series E alongside Accel. Supabase started with managed Postgres but is now evolving into a platform company. Their incredible developer-first mindset has made them a critical enabler for hundreds of thousands of new AI startups globally, powering the AI supercycle for millions of developers. This is our third consecutive investment since co-leading their Series C a year ago, reflecting our deep conviction in Paul, Ant, Rory and their leadership team. We’re thrilled to continue this enduring partnership as Supabase scales to its next phase of growth.”

Over 4 million developers choose to use Supabase, often alongside Cursor and Claude Code, because it allows them to quickly spin up a backend that instantly updates itself with commands from AI.

The new capital will accelerate Supabase’s work on “Multigres”, an enterprise-scale version of its platform designed for large, data-intensive applications. To lead the effort, Supabase has hired Sugu Sougoumarane, the co-creator of Vitess. Sougoumarane is among a growing list of industry-leading database and open source founders working at Supabase; including Postgres core contributors, the NGINX co-founder, and the founders of various Y Combinator companies.

“We invested in Supabase at the seed because developers shouldn’t have to choose between speed and scale. Today, the ability to build in a weekend and scale to millions is not just possible, it’s routine with Supabase,” said Caryn Marooney, General Partner at Coatue. “This new financing aims to accelerate Supabase’s efforts to become the backend for everyone, from startups to some of the most demanding, data-intensive enterprise workloads.”

About Supabase
Supabase is the Postgres development platform. It has emerged as the preferred backend for AI-driven development. Over 4 million developers choose to use Supabase, often alongside Cursor and Claude Code, because it allows them to quickly spin up a backend that instantly updates itself with commands from AI. This simplicity in workflow has driven Bolt, Figma, and Lovable to choose Supabase as the default backend for all projects on their platforms.

For more information, visit supabase.com.

SOURCE Supabase