United Kingdom · Information technology & services startup
United Kingdom · Tractable
Tractable is an Applied Artificial Intelligence company based in London, with additional offices in New York City and Tokyo.
Funding reportedLast round: Series E
About Tractable
Tractable is an Applied Artificial Intelligence company based in London, with additional offices in New York City and Tokyo.
Founded in 2014, it specializes in deep learning and computer vision technologies to automate visual damage assessments for the automotive and property insurance sectors. Tractable's mission is to help people recover faster from accidents and disasters by quickly assessing damage, calculating repair costs, and facilitating claims processing. The company's flagship product, the Tractable AI Platform, enables instant vehicle damage assessments from smartphone photos and automates claims settlement. Tractable also offers AI Workflow Integration services, allowing insurers to embed its technology into their existing systems. Additionally, it provides visual damage assessments for property insurance, helping insurers settle claims related to natural disasters. With a strong focus on innovation, Tractable processes billions in vehicle repairs annually and serves over 20 leading insurance and automotive companies worldwide.
What company datasets say Tractable raised
Funding, as reported
Funding filed with regulators
Tractable filed one raise. Filings say how much was sold and to how many investors; they never name the investors.
- Dec 2023Amount not statedUK share allotment
Founders and team
From Tractable's own website: 1 founder, 4 on the team.
- Venkat SathyamurthyChief Executive Officer
- Mark HornseyChief Operating Officer
- Asta SudaVP Finance
- Jimmy SpearsHead of Automotive
On 4 portfolio pages
Investors who name them
Each firm lists Tractable on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.
The company, in detail
What they build
Known for
image analysisdamage detection in high-volume claimsclaim fraud detectioncustomer engagementautomated damage estimation modelsclaims automationdamage detection trainingdamage detection technologydamage recognition technologyautomotive salvageremote inspectionsdeep learning artificial intelligencemachine learning techniquessalvage bidding aidamage detectionrecycling optimization
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- Sector
- Information technology & services
- Industry code
- NAICS 54151, 51321, SIC 7375, 7372
- Region
- England
- Revenue
- 19M a year, as listed
- Full record
- Every detail in the company directory
Information technology & services in United Kingdom
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