Tractable Raises $65 Million in Series E Funding to Accelerate AI-driven Visual Assessment Solutions
July 20, 2023
London, United Kingdom - Tractable, a pioneering software development company leveraging artificial intelligence for visual assessment, announced today the successful closure of its Series E funding round, securing a substantial investment of $65 million. The funding round was led by esteemed investors, Insight Partners, Georgian, and SoftBank Group Corp.
Founded in 2014 by visionary entrepreneur Alex Dalyac, Tractable has been at the forefront of the AI revolution, revolutionizing the visual assessment landscape with its AI-first solutions. By integrating cutting-edge computer vision research and machine learning techniques, Tractable has enabled fast, accurate damage appraisal from customer images, resulting in recovery from accidents up to ten times faster.
Tractable's commitment to innovation has expanded its horizons, leading to the application of its award-winning AI technology in other domains of visual inspection and appraisal. From salvaging car parts to property assessment, Tractable is on a mission to transform the way people live and work across multiple industries.
"Our AI-driven solutions bring a new level of efficiency and accuracy to visual assessment, fundamentally reshaping industries that rely on such evaluations," said Alex Dalyac, Founder of Tractable. "By harnessing the power of AI, we can optimize processes, free employee time for more valuable tasks, enhance customer experiences, expedite repairs, and promote sustainable practices, benefiting both individuals and the planet."