Tractable
Develops artificial intelligence for accident & disaster recovery.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor investor investor | €0.0 | round |
| investor investor investor investor investor investor | €0.0 | round | |
| investor investor investor investor investor investor investor | €0.0 | round | |
| investor investor investor investor investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor | €0.0 Valuation: €0.0 57.4x EV/Revenue -49.6x EV/EBITDA | round | |
* | $65.0m Valuation: $1.0b 43.5x EV/Revenue -21.7x EV/EBITDA | Series E | |
| Total Funding | 000k | ||
| GBP | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | - | - | - | 51 % | 32 % | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | - | - | - | (76 %) | (116 %) | (201 %) | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | - | - | - | (76 %) | (119 %) | (205 %) | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Related Content
Tractable.ai is a startup that utilizes artificial intelligence (AI) to streamline and automate processes in the automotive industry, particularly in the area of motor claims. The company's AI solution is designed to review estimates quickly and accurately, helping insurance companies like GEICO to settle claims faster and get their customers back on the road sooner. This not only improves the customer experience but also reduces operational costs and the percentage of total loss claims, saving vehicles from being written off.
Tractable.ai's business model revolves around partnering with insurance companies and other businesses in the automotive industry. By leveraging their AI expertise and technology, they digitize and automate processes, creating value for their partners and society at large. Their AI solution is recognized as one of the most sophisticated in the industry, covering the full scope of automation end-to-end.
The company's value proposition lies in its ability to combine data and AI technology development, two core competencies that are critical in today's digital economy. This has enabled Tractable.ai to not only solve a core problem within the automotive industry but also to connect with other global companies to share learnings and explore new use cases.
In summary, Tractable.ai is a promising startup that leverages AI to revolutionize the automotive claims process, delivering speed, accuracy, and efficiency to its partners and customers.
Keywords: Artificial Intelligence, Automotive Industry, Motor Claims, Insurance, Automation, Digitization, Operational Efficiency, Customer Experience, Technology Development, Partnerships.