About
Tractable is an AI unicorn ($1B+ valuation) using computer vision for auto and property damage appraisal. Raised $65M Series E from SoftBank Vision Fund 2 (2023), $119M+ total. Processes $7B in claims annually for insurers including Geico, Aviva, Admiral, Tokio Marine, and Covéa. Claims up to 10x faster resolution. Founded 2014 in London.
Key Facts
- [1]Founded: Founded in 2014 in London, United Kingdom.
- [2]Funding: Total funding: $185M. Last round: Jul 2023. Stage: Growth.
- [3]Customers: Key customers include Tokio Marine, Ageas.
- [4]Employees: Employee count: 201-500.
- [5]Website: Official website: tractable.ai.
- [6]AI Technology: Core AI/ML technologies: Computer Vision.
- [7]Region: Region: EMEA (United Kingdom).
Founders
Alex Dalyac
Co-founder & CEO
Razvan Sheridan
Co-founder & CTO
Adrien Cohen
Co-founder & COO
Key Customers & Partners
AI Technology
Computer Vision
Image and video processing, OCR, and document extraction
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Tractable?
Tractable is an AI unicorn ($1B+ valuation) using computer vision for auto and property damage appraisal. Raised $65M Series E from SoftBank Vision Fund 2 (2023), $119M+ total. Processes $7B in claims annually for insurers including Geico, Aviva, Admiral, Tokio Marine, and Covéa. Claims up to 10x faster resolution. Founded 2014 in London. Tractable is classified in the Insurance segment at the Models layer of the financial AI stack.
Who founded Tractable?
Tractable was founded by Alex Dalyac (Co-founder & CEO), Razvan Sheridan (Co-founder & CTO), and Adrien Cohen (Co-founder & COO) in 2014 in London, United Kingdom. The company has been operating for 12 years.
How much funding has Tractable raised?
Tractable has raised $185M in total funding, placing the company at the Growth stage. The most recent round closed in Jul 2023. Among 45 funded Insurance companies, Tractable ranks #25 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Tractable use?
Tractable primarily leverages Computer Vision technology. Image and video processing, OCR, and document extraction. Within the Insurance segment, 7 companies use this technology.
What market segment does Tractable operate in?
Tractable operates in the Insurance and Lending & Credit market segments. AI insurance companies are modernizing one of the oldest financial sectors, applying machine learning to underwriting, claims processing, actuarial modeling, and risk assessment across property, casualty, health, and life insurance lines. The company also has a footprint in lending & credit, reflecting its cross-functional approach to financial AI.
Where is Tractable headquartered?
Tractable is headquartered in London, United Kingdom. The company operates in the EMEA region. The team consists of 201-500 employees. United Kingdom is home to 33 financial AI companies tracked by AIFI Map.
Who are Tractable's competitors?
Companies similar to Tractable in the Insurance space include Feedzai ($431M raised), Sardine ($170M raised), Hawk AI ($83M raised), Resistant AI ($55M raised), Flagright ($8M raised). These companies operate in related areas of financial AI: Feedzai focuses on ai-native fraud and financial crime prevention platform for major banks. Sardine focuses on ai risk platform for fraud, credit, and compliance. Hawk AI focuses on ai-powered aml and fraud detection for banks and fintechs. (Based on AIFI Map classification data.)
What products does Tractable offer?
Tractable builds models-layer solutions for the financial services industry. The company's core offering: AI for auto insurance claims. The platform is powered by Computer Vision technology. Notable users include Tokio Marine, Ageas.