Tractable Stock

tractable.ai/Enterprise Software / Data IntelligenceFounded: 2014

Founded in 2014, Tractable builds AI tools of choice for many world-leading companies connected to auto and property industries. Tractable's AI-first solutions bring the latest computer vision research and machine learning techniques to visual assessment. Using customer images, their AI products started enabling fast, accurate damage appraisal to help make recovery from accidents up to ten times faster. Tractable is now applying our award-winning AI to accelerate other processes involving visual inspection and appraisal. From salvaging car parts to property assessment, we’re on a mission to transform the way people live and work across whole industries.

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Team

Management Team

Alexandre Dalyac
Co-Founder & Chief Executive Officer
Adrien Cohen
Co-Founder & President
Razvan Ranca
Co-Founder & Chief Technology Officer
Mohan Mahadevan
Chief Scientific Officer

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News Highlights

Tractable to tap into generative AI, further tech investment

AI damage assessment insurtech Tractable will utilise its recent $65m funding round to explore generative AI and large language models, according to CEO Alex Dalyac. The firm's technology uses algorithms to analyse visual patterns in images, helping it to assess damage and make recommendations. The funding will also be used to double down on the company's AI research and development capabilities. The insurtech has previously worked with Aviva, Sompo and Tokio Marine, among others.

Tractable snaps up $65M led by SoftBank for car and property damage appraisals using AI

Tractable, an AI-based solutions provider for insurance companies, has raised $65 million in a Series E funding round led by SoftBank, with participation from previous investors Insight Partners and Georgian. Tractable's platform, which uses AI and computer vision to remotely assess damage to property and cars, currently processes $7 billion in claims annually. The funds will be used to expand into Japan, one of Tractable’s biggest markets, and incorporate more AI advancements to expand its services from insurance assessments to repairs, maintenance, and sales.

Tractable announces $65 million capital raise

Insurtech firm Tractable has successfully raised $65 million in a series E investment round led by SoftBank Vision Fund 2, with participation from existing investors Insight Partners and Georgian. The company, which uses AI to assess the condition of vehicles and properties, plans to use the fresh capital to accelerate research and development efforts aimed at enhancing the user experience. As part of the deal, Nahoko Hoshino of SoftBank Investment Advisers will join Tractable's board.

Tractable teams up with Verisk to offer AI-powered estimates for property damage

Tractable has partnered with Verisk to provide artificial intelligence (AI)-powered estimates for property damage. The collaboration will allow property damage to be identified, classified, and measured using AI. This will accelerate insurance claims processing and home repairs, helping to reduce the time to settle a property claim from months to potentially a single day.
Updated on: Jul 25, 2024

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Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.