Tractable
Founded Year
2014Stage
Series E | AliveTotal Raised
$184.83MLast Raised
$65M | 1 yr agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-86 points in the past 30 days
About Tractable
Tractable develops artificial intelligence (AI) systems for accident and disaster recovery. Its AI tools help to accelerate processes involving visual inspection and appraisal and cater its services to insurance and automotive companies. The company was founded in 2014 and is based in London, United Kingdom.
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Tractable's Product Videos
ESPs containing Tractable
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The virtual auto claims assessment market automates the analysis and assessment of auto insurance claims. These vendors typically use augmented reality and computer vision to analyze property claims data submitted by policyholders or adjusters. Additionally, some of these platforms have the ability to capture real-time data, from sources like telematics sensors, at scale. Insurance companies can b…
Tractable named as Leader among 13 other companies, including Verisk, CCC Intelligent Solutions, and Snapsheet.
Tractable's Products & Differentiators
AI Insant Quote
Instantly provide instant quotes to customers looking to understand how much it would cost to fix their vehicle. A Tractable link for a free estimate is placed on bodyshop website and customers can then input their info to begin the process, which requires 7 photos of the vehicle and a few pieces of information entered via a web app. Customer will then receive a quote on what the vehicle would cost to get repaired and can call the shop to schedule the repair, if they so please.
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Research containing Tractable
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Tractable in 11 CB Insights research briefs, most recently on Jul 2, 2024.
Jul 2, 2024 team_blog
How to buy AI: Assessing AI startups’ potential
Dec 18, 2023
The P&C claims tech stack market map
Aug 1, 2023
Customer perspectives on the Insurtech 50
Expert Collections containing Tractable
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Tractable is included in 8 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,244 items
AI 100
399 items
Winners of CB Insights' annual AI 100, a list of the 100 most promising AI startups in the world.
Insurtech
4,354 items
Companies and startups that use technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Artificial Intelligence
14,767 items
Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.
Fintech
13,396 items
Excludes US-based companies
Fintech 100
749 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Tractable Patents
Tractable has filed 20 patents.
The 3 most popular patent topics include:
- insurance
- machine learning
- vehicle insurance
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
11/1/2021 | 5/21/2024 | Classification algorithms, Statistical classification, Artificial intelligence, Wireless networking, Machine learning | Grant |
Application Date | 11/1/2021 |
|---|---|
Grant Date | 5/21/2024 |
Title | |
Related Topics | Classification algorithms, Statistical classification, Artificial intelligence, Wireless networking, Machine learning |
Status | Grant |
Latest Tractable News
Sep 17, 2024
Mitchell International , an Enlyte company, announced a partnership with PAVE to automate vehicle inspections and condition reporting. By combining Mitchell’s cloud-based appraisal platform and open data system with PAVE’s AI and guided image capture technology, organizations in the US and Canada can create condition reports from uploaded photos. These reports will identify the vehicle damage and include estimated costs for parts, labor, repair or replace operations, and regional taxes. PAVE’s AI solution integrates with the Mitchell Intelligent Open Platform, allowing flexibility for users to combine Mitchell’s technology with their own AI or third-party AI tools. This collaboration aims to improve workflow efficiency and quality in industries such as fleet management. In the past, it was announced that Mitchell is working with Tractable, which uses AI to review images of damaged vehicles and provide repair cost estimates. Tractable, with ongoing lawsuits against Mitchell’s rival, CCC Intelligent Solutions, has seen its CEO, Alex Dalyac, leave the company in June, while the other co-founder, Adrien Cohen, stepped down in October 2022 and now serves in an advisory role. We reached out to Mitchell for a comment regarding the current status of its partnership with Tractable. Share this A really good email covering top news. Leave this field empty if you're human: Related Posts
Tractable Frequently Asked Questions (FAQ)
When was Tractable founded?
Tractable was founded in 2014.
Where is Tractable's headquarters?
Tractable's headquarters is located at 5 Appold Street, Broadwalk House, London.
What is Tractable's latest funding round?
Tractable's latest funding round is Series E.
How much did Tractable raise?
Tractable raised a total of $184.83M.
Who are the investors of Tractable?
Investors of Tractable include Insight Partners, Georgian, SoftBank, Ignition Partners, K5 Global Technology and 12 more.
Who are Tractable's competitors?
Competitors of Tractable include Curacel, Vumo, Claim Genius, Snapsheet, Bdeo and 7 more.
What products does Tractable offer?
Tractable's products include AI Insant Quote and 4 more.
Who are Tractable's customers?
Customers of Tractable include https://kirmac.com/ and MS&AD.
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Compare Tractable to Competitors
Inspektlabs operates within the automotive and insurance industries and provides Artificial Intelligence-based digital vehicle inspections. The company offers a suite of products that enable damage detection, claim assessment, and fraud detection using photos and videos, thereby reducing the need for physical inspections. Inspektlabs primarily serves the automotive and insurance sectors with its technology solutions. It was founded in 2019 and is based in Middletown, Delaware.
Trueclaim specializes in AI-based vehicle damage detection within the insurance technology sector. The company offers an application and platform that utilizes computer vision and machine learning to automate and improve the efficiency of vehicle damage appraisals. Trueclaim primarily serves the insurance industry by streamlining the claims process and reducing manual assessment errors. It was founded in 2021 and is based in Laval, Canada.
Dezzex Technologies is a company that focuses on artificial intelligence solutions, operating primarily in the insurance, car rental, and government sectors. The company offers a range of AI-powered services, including damage assessment, vehicle health monitoring, and driver behavior analysis, all designed to automate tasks, improve customer service, and aid in decision-making. Dezzex Technologies primarily serves industries such as insurance, automotive, healthcare, finance, retail, manufacturing, and government. It is based in Dubai, United Arab Emirates.
Spinframe is a technology company specializing in cloud-based services for the automotive industry. The company offers AI-driven vehicle assessments, including real-time damage detection, automated documentation, and advanced analytics for standardized reporting and actionable insights. Spinframe's solutions cater to various sectors such as shipping and ports, service centers, car rental agencies, dealerships, marketplaces, and insurance companies. It was founded in 2017 and is based in Yokneam Illit, Israel.
Pave is a company that focuses on automotive intelligence, operating within the technology and automotive sectors. The company offers a virtual vehicle inspection platform that uses artificial intelligence and machine learning to enable users to conduct professional-level vehicle inspections. This service primarily caters to the automotive industry. It was founded in 2017 and is based in Toronto, Ontario.
Viewapp specializes in digital inspection technology through a smartphone application within the anti-fraud and inspection sectors. The application enables users to conduct remote self-inspections using pre-designed scenarios, with the results guaranteed to be protected against fraud. The app is used for various business purposes, including inspections according to detailed scenarios, photo and video documentation of assets such as real estate and vehicles, and monitoring the condition and presence of items for insurance or valuation purposes. It is based in Moscow, Russian Federation.
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