2 years ago

AI Insurtech Tractable Secures $65 Million in Series E Funding Led by SoftBank

  • Tractable, a London-based AI firm for insurance assessments, has raised $65 million in a Series E round led by SoftBank

  • The funding will support the global scaling of Tractable's AI technology, which analyzes photos of cars and homes to assess damage for insurance claims

  • The company, which achieved unicorn status in 2021, is expanding its technology into new verticals, including property assessment.

      • ProblemFinancial Services

      "Assessing damage for insurance claims is a slow, manual, and often inaccurate process, leading to delays and disputes in settlements."

      Solution

      "Tractable offers an AI-powered platform that analyzes photos of damaged cars and homes to quickly and accurately assess damage, streamlining insurance claims and accelerating the settlement process."

      Covered on