Startups

AI to track accident photos of the damage to predict repair cost.

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Summary

Seedtable Score

Score icon 72

Locations

Company Size

  • 101 - 251

Last Stage Round

Insights

Tractable, based in London, uses AI to predict repair costs from accident photos, reducing inefficiencies and inaccuracies found in manual assessments. Targeting the insurance sector with a B2B model, Tractable aims to revolutionize claims processing by offering faster and more accurate damage evaluations. This reduces claim processing times and enhances customer satisfaction for insurance companies. With backing from investors like SoftBank and Insight Venture Partners, Tractable is well-positioned to disrupt traditional methods and become a key player in AI-driven damage assessment.

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