Tractable, the technology company developing AI for accident and disaster recovery, has announced a $25m Series C investment, led by Georgian Partners with participation from existing investors, including Insight Partners and Ignition Partners.<\/p>\n
The round nearly doubles the total raised by Tractable, to $55m.<\/p>\n
The investment will accelerate Tractable\u2019s expansion into new markets from the nine countries in which it currently operates. 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. Tractable\u2019s AI uses computer vision to appraise the damage.<\/p>\n
Models are trained on millions of examples, allowing accurate identification of damage and prediction of repair costs, while improving appraisal efficiency and customer experience.<\/p>\n
Alex Dalyac, CEO and founder of Tractable, said: \u201cOur mission at Tractable is to bring AI breakthroughs to real-world problems and by doing so, make a positive difference to people\u2019s lives. We\u2019re achieving that every day, as our technology means people across the world are recovering their livelihoods more quickly after an accident.<\/p>\n
\u201cThis new investment from Georgian Partners, who have a standout track record in investing in software companies, shows informed investors believe we will scale our success even further and reach new markets, new clients, and new areas to operate in.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Tractable, the technology company developing AI for accident and disaster recovery, has announced a $25m Series C investment, led by Georgian Partners with participation from existing investors, including Insight Partners and Ignition Partners. The round nearly doubles the total raised by Tractable, to $55m. The investment will accelerate Tractable\u2019s expansion into new markets from the […]<\/p>\n","protected":false},"author":122,"featured_media":521541,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ep_exclude_from_search":false,"footnotes":""},"categories":[34355],"tags":[],"hashtag":[33429],"type-d-article":[23048],"maddybasic_maturity":[],"maddybasic_thematic":[],"partnership":[],"poool":[],"class_list":["post-521539","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","hashtag-insuretech","type-d-article-classique"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/posts\/521539"}],"collection":[{"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/users\/122"}],"replies":[{"embeddable":true,"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/comments?post=521539"}],"version-history":[{"count":14,"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/posts\/521539\/revisions"}],"predecessor-version":[{"id":521653,"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/posts\/521539\/revisions\/521653"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/media\/521541"}],"wp:attachment":[{"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/media?parent=521539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/categories?post=521539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/tags?post=521539"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/hashtag?post=521539"},{"taxonomy":"type-d-article","embeddable":true,"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/type-d-article?post=521539"},{"taxonomy":"maddybasic_maturity","embeddable":true,"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/maddybasic_maturity?post=521539"},{"taxonomy":"maddybasic_thematic","embeddable":true,"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/maddybasic_thematic?post=521539"},{"taxonomy":"partnership","embeddable":true,"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/partnership?post=521539"},{"taxonomy":"poool","embeddable":true,"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/poool?post=521539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}