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RISE Robotics

Raising nowOperating

LiftWave, Inc.

Industrial & Manufacturing · Somerville, MA

Minority-founded
Visit website1,020 followers on WeFunder · as of Oct 8, 2026

Electrifying heavy machines

Raising nowRaising now on WeFunder

This company has an open fundraising round.

$964K raised863 investors204 days left
View the live round
Post-money valuation ⓘ
$63.1M
As of Apr 2026 · from Reg CF Offering (2026) · pre-money + amount raised, not a traded price
Total raised
$27,686,447
Crowd $6.0M · Private $21.7M · 4 rounds since 2020
Latest share price
$10.73
Reg CF · Preferred Stock · Apr 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 reviewed
FY2023 reviewed
FY2024 audited
FY2025 audited
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, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$62.1M
pre-money
$62.1M
pre-money
Reg CF · Preferred · Jan 2025
Reg CF · Preferred · Apr 2026

Blue bars are the pre-money valuation the company stated for a priced round.

Share price over rounds

$10.73$5.365$8.5835
Jan 2025Apr 2026
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Fundraising history

Reg CF · Preferred Stock · Apr 2026Openvia WeFunder
Raised $963.8K / $1.2MInvestors 863Post-money $63.1M
Reg CF · Preferred Stock · Jan 2025Openvia WeFunder
Raised $5M / $5MInvestors 1,010Post-money $67.1M
Rule 506(b) · Equity · Apr 2024Closed
Raised $14.4MInvestors 22
Rule 506(b) · Equity · Mar 2020Closed
Raised $7.4MInvestors 26

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

1,002 investors
holder-count proxy

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

SEC filings

View all 12 filings on EDGAR
  • 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.