Tractable is a developer of artificial intelligence-powered solutions that uses computer vision to assess the condition of cars and homes.
Tractable's solutions aim to help people work faster and smarter, while reducing friction and waste – better for businesses and the planet.
Tractable was founded in 2014 by Alex Dalyac, Razvan Ranca, and Adrien Cohen. The company is headquartered in London, UK, with offices across North America, Asia and Europe.
Tractable's AI-first solutions bring the latest computer vision research and machine learning techniques to visual assessment. Trained on millions of data points, Tractable's AI reviews user-submitted photos of cars and homes captured via smartphone and recommends decisions based on damage severity.
Tractable's AI provides a frictionless process that's up to 10x faster. The company also uses its AI solutions in the auto collision sector to accelerate repairs and salvage vehicle parts for reuse and resale.
Tractable's AI-powered solutions process more than $7 billion in vehicle repairs and purchases annually, and connect everyone involved in insurance, repairs, and sales of cars and properties. The company currently lists Aviva, Geico, Admiral, Tokio Marine Insurance Group, Mitsui Sumitomo Insurance, Aioi Nissay Dowa Insurance, and Sompo amongst its client.
Tractable is backed by Insight Partners, Georgian Partners, SoftBank Vision Fund 2, Ignition Partners, and others. The company raised $65M in a Series E round on Jul 18, 2023. This brings Tractable's total funding to $184.9M to date. Tractable was valued at $1B after a $60M Series D round in Jun 2021.