5 years ago

AI Accident Recovery Platform Tractable Secures $25M Series C

  • Tractable, a UK-based AI company for accident and disaster recovery, has raised $25 million in a Series C funding round led by Georgian Partners

  • The investment will fuel Tractable's expansion into new markets, building upon its existing presence in nine countries

  • The company's AI technology uses computer vision to assess damage, expedite recovery processes, and enhance customer experiences.

      • ProblemTechnology

      "Accidents and disasters affect hundreds of millions of people every year, with a worldwide financial impact exceeding $1 trillion, and recovery for those affected always starts with a visual appraisal. The current process is slow and inefficient."

      Solution

      "Tractable's AI uses computer vision to appraise the damage. Models are trained on millions of examples, allowing accurate identification of damage and prediction of repair costs, while improving appraisal efficiency and customer experience."

      Covered on