Waterlily Secures $7 Million In Seed Funding To Develop Its AI Platform To Forecast Consumer Long-Term Care Needs

Waterlily, which uses artificial intelligence (AI) to forecast consumer long-term care needs, raised $7 million in seed funding. The company intends to use the funding to develop its platform, create more AI-powered tools, and expand its ability to create a suite of customized long-term care planning solutions for individuals, families, and financial planners.

Waterlily is used by financial advisors, insurance carriers, insurance distributors, and independent insurance agents to help consumers build better plans for their long-term care, and to motivate behavioral changes. The platform’s machine learning algorithms analyze personal financial data, insurance coverage, and health . . .