8 years ago

Tractable Raises $8 Million in Series A Funding

  • Tractable, a London and San Francisco-based computer vision powered company focused on the insurance industry, raised $8M in Series A funding led by Ignition Partners

  • Tractable's deep learning startup specializes in computer vision to solve specific, high-impact problems for businesses

  • Its proprietary artificial intelligence algorithms, which can learn and perform visual tasks like humans, currently focus on insurance, to produce expert review of auto claims at scale

  • Insurers can assess damage and settle claims through analyzing photos, allowing human experts to focus on more high-value work.

      • ProblemTechnology

      "It takes a long time to assess the damage of cars after an accident, delaying payouts to customers and costing insurance companies money."

      Solution

      "Tractable uses AI to automatically analyze photos of damaged cars and estimate the cost of repairs, allowing insurance companies to process claims much faster."

      Covered on