Tractable

Tractable develops artificial intelligence for accident and disaster recovery. We are on a journey to help the world recover faster from accidents and disasters that affect hundreds of millions of lives, from car accidents and burst piping, to full-scale floods and hurricanes. Accident and disaster recovery starts with visual damage appraisal: assess the damage, calculate the cost, unlock the funds and rebuild. However, the first stage of assessing the problem can take days to weeks. Our belief is that when accidents and disasters hit, the response could be 10 times faster, thanks to AI. We are starting with motor damage. 100 million car claims happen every year globally. Our AI assesses damage to any car, whether in Europe, North America or Asia, and we work with the world's leading insurers in over 10 countries across the world, including Tokio Marine in Japan, Ageas in the UK, Covéa in France, and Talanx-Warta in Poland. Founded in 2014, Tractable has a world-class research and development team with over 30 years of combined research experience, and its solution is built on five years of dedicated research and development work undertaken by a team of Oxford/Cambridge-trained researchers. Tractable has raised $55m from Georgian Partners, Insight Partners and other top-tier investors, and the company is based in London, with offices in New York City and Tokyo.