Tractable Valuation, Funding & Investors
Tractable is valued at $1B as of July 2023.
Last Tractable valuation
$1B
Series E · Jul 2023
Last Tractable funding round
$65M
Series E · Jul 2023
Cumulative funding Tractable raised
$185M
across 6 funding rounds
Key investors in Tractable
Insight Partners
Acequia Capital (AceCap)
Georgian
Zetta Venture Partners
Ignition Partners
Plug and Play
About Tractable
Tractable is an AI company automating damage assessment for insurance claims using computer vision. London-headquartered since 2014, its platform analyzes photos of vehicle and property damage to estimate repair costs in minutes. Tractable serves insurers like Direct Line and Tokio Marine in the U.S., U.K., and Japan. AI Review triages claims while AI Estimating generates itemized quotes integrated with workshop networks. The system processes millions of images annually, accelerating payouts.
Founded
2014
HQ
LondonWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$1B (Jul 2023)
Tractable Valuation
Tractable is currently valued at $1B, based on its Series E in July 2023.
The $65M round was led by SoftBank Group, with participation from Georgian and Insight Partners.
Tractable's valuation has moved from $1B at its Series D in June 2021 to $1B in July 2023, across 2 priced rounds.
Tractable valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2023 | Series E | $1B |
| Jun 2021 | Series D | $1B |
Tractable Funding History
Tractable has raised a total of $185M across 6 funding rounds.
Tractable's first fundraising round was a $2M seed round in June 2015. The most recent completed round was a $65M Series E in July 2023.
Tractable funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2023 | Series E | SoftBank Group (lead); Georgian; Insight Partners | $65M | $1B | Tractable is an AI company specializing in computer vision to assess damage and condition of cars and homes, automating insurance claims, repair estimates, and assessments from smartphone photos for P&C insurers, automotive recyclers, repairers, and property firms. It partners with major players like American Family Insurance, Aviva, Geico, and Admiral, processing over $7 billion in annualized auto and home repairs and acquisitions as of July 2023, more than doubling volume from a year prior. The platform enables real-time assessments up to 10x faster, with expansions into property damage recovery, especially in Japan, and automotive aftermarket amid labor shortages. On July 18, 2023, Tractable raised $65 million in a Series E round led by SoftBank Vision Fund 2, with participation from existing investors Insight Partners and Georgian, bringing total funding to $184.9 million. SoftBank's Nahoko Hoshino joined the board. Funds will accelerate R&D for new AI features enhancing end-user experience in vehicle assessments, global expansion particularly in Japan, and growth in auto and property ecosystems. Recent hires include Venkat Sathyamurthy as CPO (ex-Adobe), Mohan Mahadevan as CSO (ex-Amazon), and Andrew Shimek as President for operations and sales. This follows the July 2021 Series D of $60 million, which valued Tractable at almost $1 billion. The company continues scaling AI applications beyond insurance into repairs, maintenance, sales, recycling, and natural disaster recovery, with strong traction in auto and emerging property verticals. |
| Jun 2021 | Series D | Georgian (lead); Insight Partners (lead); K5 Global | $60M | $1B | Tractable is an AI company specializing in computer vision to assess vehicle and property damage, primarily for insurers, enabling users to submit photos for immediate AI-powered appraisals of damage and repair estimates. Founded in 2014, it helps accelerate recovery from accidents and disasters by automating claims processing. In June 2021, Tractable raised $60 million in a Series D round co-led by Insight Partners and Georgian, achieving a $1 billion post-money valuation and unicorn status as the UK's first computer vision unicorn. This brought total funding to $115 million from prior rounds including participation by Ignition Partners and Zetta Venture Partners. The investment funded expansion into used car buying/selling with AI solutions for detailed vehicle condition assessment down to individual parts, and into home insurance, partnering with a major Japanese insurer for typhoon claims via photo submissions. Tractable reported eight-figure annual revenues at the time, with 600% growth over the prior 24 months, driven by adoption from around 20 major insurers like Geico across the US, Europe, and Asia. The company processes millions of vehicles annually for damage assessment. Investors highlighted Tractable's machine learning differentiation, customer ROI, and potential in multi-billion dollar markets like used vehicles and natural disaster recovery. Subsequent developments include a $65 million Series E in July 2023 led by SoftBank Vision Fund 2, with Insight and Georgian participating, to further expand in automotive and property insurance ecosystems, processing over $7 billion in annualized repairs by then. |
| Feb 2020 | Series C | Georgian (lead); Plug and Play (lead); Acequia Capital (AceCap); Ignition Partners; Insight Partners | $25M | - | Tractable is a London-based insurtech company founded in 2014 that develops AI solutions using computer vision to accelerate accident and disaster recovery, enabling insurers to analyze vehicle damage from smartphone photos for rapid repair estimates or write-off decisions. The technology is deployed by major insurers like Ageas, Covéa, Tokio Marine, and Talanx-Warta across Europe, North America, and Asia, processing claims in minutes to restore livelihoods faster. By February 2020, Tractable operated in nine countries and had raised $30 million prior to the Series C. On February 27, 2020, Tractable announced a $25 million Series C funding round led by Georgian Partners, with participation from existing investors Insight Partners and Ignition Partners, bringing total funding to $55 million. The investment aimed to accelerate expansion into new markets, scale AI for global insurers, and enhance product capabilities for accident recovery. That later round funded expansion into used car assessments and home insurance for natural disasters like typhoons. In 2021 context, Tractable reported eight-figure annual revenues with 600% growth over two years, worked with over 20 of the top 100 global auto insurers, and processed over $2 billion in annual vehicle repairs and purchases. Tractable continued growth with a Series E in July 2023 raising $65 million led by SoftBank Vision Fund 2, reaching total funding around $185 million, while maintaining the $1 billion valuation from 2021. The company focuses on AI-driven transparency in vehicle damage assessment down to parts level and property claims, targeting multi-billion dollar markets in auto, used vehicles, and disaster recovery. |
| Jul 2018 | Series B | Insight Partners (lead); Zetta Venture Partners; Plug and Play; Acequia Capital (AceCap); Ignition Partners; Kamal Kirpalani | $25M | - | Tractable is an AI-powered company focused on automating damage assessments for the insurance industry using computer vision technology. Founded in 2014 by Alexandre Dalyac, Adrien Cohen, and Razvan Ranca, the London-based company with offices in San Francisco, New York, and Tokyo applies deep learning to streamline vehicle collision insurance claims and natural disaster recovery by allowing auto repair professionals to upload damage photos and estimates to a claims management system, with Tractable's AI then assessing repair costs and delivering appraisals to customers. The company closed a $25 million Series B funding round led by Insight Partners in July 2018, with participation from existing investors including Ignition Partners and Zetta Venture Partners. This round brought Tractable's total known funding to $55 million (later corrected to $55M after the Series C in February 2020). By mid-2018, Tractable had achieved significant traction, processing $2 billion in vehicle repairs, helping over one million households following accidents or disasters, and serving 20% of the world's top 100 property and casualty insurers across nine countries with a team exceeding 100 employees. The company would go on to raise a $25 million Series C in February 2020 led by Georgian Partners, followed by a $60 million Series D in June 2021 that valued the company at $1 billion, making it the world's first computer vision unicorn for financial services. |
| Jan 2017 | Series A | Ignition Partners (lead); Zetta Venture Partners; Stuart Bartlett; Andrew Homer; Isomer Capital; 415; Tony Emms; Entrepreneurs First; Greg Gladwell; Scott Roza | $8M | - | Tractable raised $8 million in its Series A funding round in January 2017, led by Ignition Partners with participation from investors including 415, Zetta Venture Partners, and others. The company, founded in 2014, develops AI-powered computer vision technology to automate damage assessments for insurance claims, particularly vehicle collisions. This round followed a $1.9 million seed round in June 2015 led by Zetta Venture Partners and aimed to scale operations, expand the engineering team, and enhance AI capabilities for accident recovery. Tractable's technology enables auto repair professionals to upload photos and estimates, with AI reviewing and assessing damage costs for insurers worldwide. The company works with leading insurers across Europe, North America, and Asia. Post-Series A, Tractable continued raising capital, including a $25 million Series B in July 2018 led by Insight Partners to enter new insurance markets. |
| Jun 2015 | Seed | Zetta Venture Partners (lead); 415; Acequia Capital (AceCap); Entrepreneurs First; Charlie Songhurst | $2M | - | - |
Who has invested in Tractable?
18 investors have backed Tractable across its funding rounds, including Insight Partners, Acequia Capital (AceCap), Georgian, Zetta Venture Partners, Ignition Partners and Plug and Play.
Lead investors include SoftBank Group, Georgian, Insight Partners, Plug and Play, Ignition Partners and 1 other investor.
Tractable Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 New York City, NY | 4 | Lead | Jul 2018 | |
| San Francisco, CA | 3 | Lead | Jun 2015 | |
 Toronto | 3 | Lead | Feb 2020 | |
| Paris | 3 | Participant | Jun 2015 | |
| San Francisco, CA | 3 | Lead | Jan 2017 | |
| San Francisco, CA | 2 | Lead | Jul 2018 | |
| United States | 2 | Participant | Jun 2015 | |
| London | 2 | Participant | Jun 2015 | |
| San Francisco, CA | 1 | Participant | Jun 2021 | |
 Tokyo | 1 | Lead | Jul 2023 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Stuart Bartlett | United Kingdom | 1 | Participant | Jan 2017 |
| Andrew Homer | United States | 1 | Participant | Jan 2017 |
| London | 1 | Participant | Jan 2017 | |
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Start Free TrialTractable Competitors
Tractable competitors include listed companies like Fractal Analytics and Appier Group, and private ones like Aibee, Reka AI, Labelbox and PolyAI.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Beijing | Private | - | - | $1B | - | |
| San Francisco, CA | Private | - | - | $1B | - | |
| San Francisco, CA | Private | $33M | - | $900M | 27.3x | |
| London | Private | - | - | $750M | - | |
 India | Publicly listed | $344M | $50M | $1.3B | 3.4x | |
| Japan | Publicly listed | $281M | $44M | $1B | 2.9x |
Tractable Public Comps
Tractable is still privately-owned, but its public comps include Appier Group, Rackspace, iFLYHealth, Sagicor Group Jamaica, Anadolu Hayat Emeklilik, Helia Group, Rezolve AI, Heritage Insurance, International General Insurance and Anadolu Sigorta.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $281M | $44M | 3.4x | 2.9x | 21.6x | 15.7x | |||
| $2.7B | $244M | 1.5x | 1.6x | 17.1x | 15.0x | |||
| $136M | ($7M) | 7.7x | 6.2x | (150.8x) | (144172.5x) | |||
| $558M | $153M | 1.8x | - | 6.7x | - | |||
| $769M | $170M | 1.1x | 1.5x | 4.9x | - | |||
| $288M | $268M | 3.5x | 4.7x | 3.7x | - | |||
| $47M | ($109M) | 23.3x | 4.0x | (10.0x) | (19.3x) | |||
| $774M | $282M | 0.7x | 0.6x | 2.0x | - | |||
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Common questions about Tractable
| When was Tractable founded? | Tractable was founded in 2014. |
| Where is Tractable headquartered? | Tractable is headquartered in London, United Kingdom. |
| Is Tractable publicly listed? | No, Tractable is a private, VC-backed company. |
| What is Tractable's valuation? | Tractable was last valued at $1B in its Series E in July 2023. |
| How much funding has Tractable raised? | Tractable has raised $185M across 6 funding rounds. |
| What was Tractable's last funding round? | Tractable's last funding round was a $65M Series E in July 2023, led by SoftBank Group. |
| Who are Tractable's investors? | Tractable's investors include Insight Partners, Zetta Venture Partners, Georgian, Acequia Capital (AceCap), Ignition Partners, Plug and Play, 415, Entrepreneurs First, K5 Global, SoftBank Group and 8 others. |
| Which companies are comparable to Tractable? | Companies comparable to Tractable include Aibee, Reka AI, Labelbox, PolyAI, Fractal Analytics and Appier Group. |
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