Tractable secures £43m Series D funding led by Insight Partners and Georgian to scale computer vision technology
Insight Partners and Georgian led the Series D round, which values the company at $1bn.
Tractable develops artificial intelligence technology using computer vision to evaluate the condition of vehicles and residential properties. Its platform automates insurance claims and damage assessments for industry participants.
Tractable has secured £43m in Series D funding led jointly by Insight Partners and Georgian. The investment values the company at $1bn, establishing it as a unicorn following a period of strong revenue growth. The capital will be deployed to expand its core accident recovery operations, develop AI tools for used car valuation, and scale property assessment technology for natural disaster recovery. The business previously raised $55m, bringing its total funding to £115m equivalent.
Investor perspective
"Tractable’s accelerating growth at scale is a testament to the power and differentiation of their applied machine learning system, which continues to improve as more businesses adopt it. We’re excited to double down on our partnership with Tractable as they work to help the world recover faster from accidents and disasters that affect hundreds of millions of lives."
Lonne Jaffe
Managing Director, Insight Partners
Use of funds
- 01Continue product development
- 02Expand into international markets
