Startups
Tractable
https://tractable.aiAI to track accident photos of the damage to predict repair cost.
Summary
Industry
Insights
Tractable, based in London, uses AI to predict repair costs from accident photos, reducing inefficiencies and inaccuracies found in manual assessments. Targeting the insurance sector with a B2B model, Tractable aims to revolutionize claims processing by offering faster and more accurate damage evaluations. This reduces claim processing times and enhances customer satisfaction for insurance companies. With backing from investors like SoftBank and Insight Venture Partners, Tractable is well-positioned to disrupt traditional methods and become a key player in AI-driven damage assessment.
Total Funding
$184M
- Seed (2015) $1.9M
- Series D (2021) $60.0M
- Series E (2023) $65.0M
- Series C (2020-01-01) $25.0M
- Series B (2018-06-01) $25.0M
- Series A (2017-12-01) $8.0M
Investors
415 vc Seed
Zetta Venture Partners Seed
Acequia Capital Seed
Insight Venture Partners Series D
SoftBank Group Series E
Isomer Capital Series A
Full Company Profile
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