 | |
| Industry | Artificial Intelligence |
|---|---|
| Founded | 2014; 10 years ago (2014) |
| Founder | Alex Dalyac, Razvan Ranca, Adrien Cohen |
| Headquarters | , |
Number of employees | over 300[1] (2021) |
| Website | tractable.ai |
Tractable is a technology company specializing in the development of Artificial Intelligence (AI) to assess damage to property and vehicles.[2][3] The AI allows users to appraise damage digitally.[4][5]
Tractable's technology uses computer vision and deep learning to automate the appraisal of visual damage in accident and disaster recovery, for example to a vehicle.[6] Drivers can be directed to use the application by their insurer after an accident, with the aim of settling their claim more quickly.[7] The AI evaluates the damage from images, and therefore doesn't assess what isn't visible (such as, for example, interior damage to a vehicle or property).[8]
Alexandre Dalyac and Razvan Ranca founded Tractable in 2014, and Adrien Cohen joined as co-founder in 2015.[9] The company employs more than 300 staff members, largely in the United Kingdom.[1]
Tractable was named one of the 100 leading AI companies in the world in 2020 and 2021 by CB Insights.[10] It won the Best Technology Award in the 2020 British Insurance Awards.[11]
In June 2021, Tractable announced a venture round that valued the company at $1 billion.[12] Tractable was the UK's 100th billion-dollar tech company, or unicorn.[13]
In July 2023, the company received a $65 million investment from SoftBank Group, through its Vision Fund 2.[14]
