Tractable is a builder of deep learning tools for visual inspection that can perform faster, cheaper and more accurately than humans. Their technology automates an experts task at near zero marginal cost.
Tractable develops artificial intelligence for accident & disaster recovery.
Tractable was founded in 2014 & is based in London, United Kingdom. The company has customer base across 5 countries.
Tractable's AI looks at photos of damage and predicts repair costs. By providing its AI to the largest insurers worldwide, Tractable helps to settle claims quickly and efficiently, which in turn impacts livelihoods.
Tractable’s AI is used today by global leaders – including Ageas in the UK, France’s Covéa, Japan’s Tokio Marine and Polish insurer Talanx-Warta – to analyse vehicle damage effectively and efficiently. With appraisals produced through the AI-driven platform in minutes, repairs can begin sooner, and people’s livelihoods can be restored more quickly.
Tractable is backed by Insight Partners, Georgian Partners, Ignition Partners and others. The company raised $25M in a Series C round on Feb 27, 2020. This brings Tractable's total funding to $59.9M to date.