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RISE Robotics

Operating

LiftWave, Inc.

Somerville, MA

Minority-founded
Visit website817 followers on WeFunder · as of Sep 12, 2026

Electrifying heavy machines

Post-money valuation
$63.0M
As of Apr 2026 · from Reg CF Offering (2026) · pre-money + amount raised, not a traded price
Total raised
$5,908,640
Across 2 rounds since 2025
Latest share price
$10.73
Reg CF Offering (2026) offering price

Financials

FY2022–FY2025 · from SEC filings · hover any figure for its source
$1.4M
−$4.2M
2022
$4.4M
−$3.3M
2023
$1.9M
−$4.3M
2024
$431K
−$6.1M
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2022
FY2023
FY2024
FY2025
Income statement
Revenue
$1,352,768
$4,378,478
$1,854,850
$431,460
Cost of goods sold
$65,311
$2,604,074
$886,683
$107,141
Gross margin
95%
41%
52%
75%
Net income
-$4,156,864
-$3,330,153
-$4,335,957
-$6,104,535
Taxes paid
$0
$0
$0
$0
Balance sheet
Cash
$182,462
$260,837
$1,242,615
$443,878
Accounts receivable
$60,541
$54,351
$200,000
$64,477
Total assets
$1,186,380
$1,180,204
$1,731,675
$773,926
Short-term debt
$6,188,974
$9,446,848
$411,844
$1,429,892
Long-term debt
$0
$0
$100,390
$27,797
Total liabilities
$6,188,974
$9,446,848
$512,234
$1,457,689
Other
Headcount
20
13

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Post-money = pre-money + amount raised · caps marked
$63.0M
post-money
Reg CF Offering (2026)

A dashed amber step is a SAFE/note valuation cap — a conversion ceiling agreed for that instrument, not a priced valuation of the company. Steps are not comparable across bases.

Fundraising history

Reg CF Offering (2026)OpenReg CF · Preferred Equity · via WeFunder
Raised $908.6K / $1.2MInvestors 863Post-money $63M
Reg CF Offering (2025)ClosedReg CF · Preferred Equity · via WeFunder
Raised $5M / $5M

Team

9 people
Blake SessionsFounder
Co-Founder & CTO

Mechanical innovator & genius behind Beltdraulic innovation. Forbes 30 Under 30 Manufacturing. Work featured in WSJ. Pro Tool Innovation Award for air compressor, Whitelaw Prize & Luis de Florez MIT award for innovation. MIT BS, Mechanical Engineering

Arron Acosta
Co-Founder & Advisor

Heavy machinery aficionado & electrification pioneer. Forbes 30 Under 30 Manufacturing. Former engineer at Apple. Employee #1 at Ekotrope (Inc 5000). Techstars alum. Superconnector in product market fit of innovative tech solutions. MIT BS, Mechanical Eng

Hiten Sonpal
CEO

Robotics & commercialization exec. Generated $2B+ revenue (9M+ units) at iRobot, grew deployments 3x at Electric Sheep, launched SaaS & HW products at Robin. Graze Robotics & Main Street Autonomy advisor. U of Evansville BS Comp. Eng., GA Tech MSCS (‘28).

Kyle Dell'Aquila
Co-Founder & Head of Customer Experience & Design

Visionary designer. Olio Smartwatch design lead. Critical role in patented breakthrough for 3D belt topologies. Award-winning moonbuggy design recognized by American Inst of Aeronautics & Astronautics. Rhode Island School of Design BFA, Industrial Design

Toomas Sepp
Co-Founder & Chief Engineer

Master mechanic & hands-on engineering leader. Key engineer for BEAR, a humanoid hydraulic robot & QCBot, an autonomous drug-delivery robot, both at Vecna. Specialist in precision engineering, machine design, & fitment. MIT BS, Mechanical Engineering

Justin Shriver
Head of Software Engineering

Software engineering and safety systems expert. Holds 15 patents. Led software teams at iRobot, GE Energy, Dresser, and TRW Automotive. U. of Michigan MS, Control Systems.

Nolan Hobart
Head of Defense Programs

Hardware product and engineering lead. Helped scale RISE's SuperJammer from prototype to Pentagon. Former Robotics Design Engineer at WatchTower Robotics (Techstars '18). Northeastern BS, Mechanical Engineering.

Marc Dupre
Secretary
Vivek S. Agastya
Director

Names and titles as disclosed on WeFunder, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Delinquent

Filed 1 of 2 annual reports (FY2024–FY2025)

Missing: 2024

863 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form C-ARMay 4, 20260001808819-26-000006
    EDGAR
  • Form C/AApr 30, 20260001808819-26-000004
    EDGAR
  • Form CApr 9, 20260001808819-26-000002
    EDGAR
  • Form C-UMar 2, 20260001808819-26-000001
    EDGAR
  • Form C/AOct 24, 20250001808819-25-000002
    EDGAR
  • Form C/ASep 5, 20250001670254-25-000809
    EDGAR
  • Form C/AJul 8, 20250001670254-25-000689
    EDGAR
  • Form C/AMay 16, 20250001670254-25-000585
    EDGAR
Source: SEC EDGARCIK 0001808819DEShare price $10.73Last synced Aug 17, 2026

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.