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
- 2023 Series E $65.0M
- 2021 Series D $60.0M
- 2020 Series C $25.0M
- 2018 Series B $25.0M
- 2017 Series A $8.0M
- 2015 Seed $1.9M
Investors
SoftBank Group Series E
Insight Venture Partners Series E
Zetta Venture Partners Series B
Acequia Capital Series B
Isomer Capital Series A
415 vc Series A