Lapetus Solutions, Inc.

Lapetus Solutions, Inc. specializes in AI-driven health intelligence solutions, providing innovative facial analytics and life expectancy assessment tools to enhance decision-making in the insurance and financial sectors. Founded in 2014 and headquartered in Wilmington, US, Lapetus Solutions, Inc. focuses on delivering advanced health analytics.

The founders, Karl Ricanek and S Olshansky, have experience in technology development, with a history of working in the analytics space. The company raised USD 3. 50 mn in a Seed funding round in March 2019 from investors including Plug and Play Ventures, bringing the total raised to USD 3. 50 mn.

Lapetus has completed three deals as part of its strategic growth efforts. Lapetus Solutions offers advanced AI-powered health intelligence solutions, primarily through its facial analytics and life expectancy assessment products. This technology enables detailed health insights by analyzing facial features, historically used as biomarkers for health. The platform enhances medical triage and underwriting processes across various industries including insurance, life settlements, and financial planning.

Tailored for a diverse clientele, Lapetus assists insurers and financial planners in making informed decisions related to health and life expectancy while ensuring compliance with global regulatory standards. Lapetus Solutions generates revenue through partnerships and direct transactions within the insurance and financial sectors. The company offers subscription-based access to its AI-driven analytics tools and life expectancy reports, designed to support underwriting and life settlement investments. Clients can choose from various report options, allowing them to gain comprehensive insights into policyholders' health.

The pricing plans reflect the complexity of the analyses, ensuring tailored services to meet specific client needs. Lapetus Solutions is focusing on expanding its product offerings with new AI-driven tools aimed at enhancing health analytics capabilities. The company is targeting expansion into additional markets, particularly regions with growing life insurance sectors, by 2025. Recent funding will be utilized to support these initiatives, including the development of new products and enhancing service delivery to clients.

In March 2019, Lapetus raised an undisclosed amount of venture debt financing from SixThirty to further its growth strategies.