Tractable - About the company
Tractable is a series E company based in London (United Kingdom), founded in 2014 by Razvan Ranca, Alex Dalyac and Adrien Cohen. It operates as a Developer of artificial intelligence software for automated vehicle damage assessment. Tractable has raised $185M in funding from investors like Entrepreneur First, Georgian and Insight Partners, with a current valuation of $1B. The company has 330 active competitors, including 42 funded and 39 that have exited. Its top competitors include companies like Guidewire, Duck Creek and Insurity.
Sectors and market segments that Tractable operate in
Tractable serves in the Auto Tech, FinTech, InsurTech, Native AI market segments.The primary business model of Tractable are:Company Details
Developer of artificial intelligence software for automated vehicle damage assessment. This technology utilizes computer vision to analyze images of automobiles to identify dents, scratches, and other structural defects. The software generates repair estimates and identifies salvageable parts for use in insurance claims, collision repair, and fleet maintenance workflows. It integrates with existing systems to process visual data and provide technical assessments of vehicle condition.
- Website
- tractable.ai
- Email ID
- *****@tractable.ai
- Phone Number
- +44 **********
- Registered Address
- 51 HOMER ROAD,SOLIHULL,WEST MIDLANDS,UNITED KINGDOM,B91 3QJ
Key Metrics
Founded Year
2014
Location
London, United Kingdom
Stage
Series E
Total Funding
$185M in 7 rounds
Latest Funding Round
Post Money Valuation
$1B as on Jun 17, 2021
Investors
Ranked
11th among 330 active competitors
Employee Count
176 as on Aug 31, 2026
Legal entities associated with Tractable
Tractable is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Tractable Ltd. CIN: 657926200 , Australia, Active | May 08, 2022 | - | - | |
PARAGON BANKING GROUP PLC CIN: 2336032 , United Kingdom, Active | Jan 16, 1989 | £100M - £500M (As on Sep 30, 2022) | 1498 (As on Jan 31, 2022) | |
Tractable Ltd. CIN: 9315523 , United Kingdom, Active | Nov 17, 2014 | £10M - £50M (As on Dec 31, 2024) | 117 (As on Dec 31, 2024) |
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Tractable's funding and investors
Tractable has raised a total funding of $185M over 7 rounds. Its first funding round was on Jun 29, 2015. Its latest funding round was a Series E round on Jul 18, 2023 for $65M. 3 investors participated in its latest round. Tractable has 14 institutional investors and 5 angel investors.
Here is the list of recent funding rounds of Tractable:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 18, 2023 | $65M | Series E | - | - | ||
Jun 17, 2021 | $60M | Series D | $1B | - | - | |
Feb 27, 2020 | $25M | Series C | $1B | - |
View details of Tractable's funding rounds and investors
Tractable's founders and board of directors
Founder? Claim ProfileHere are the details of Tractable's key team members:
- Razvan Ranca: Co-Founder & CTO of Tractable and founder of 1 other company. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 2 email addresses
- Alex Dalyac: Co-Founder of Tractable. They are also an angel investor in 1 startup.Contact Info: 1 email address
- Adrien Cohen: Former Co-Founder of Tractable. Contact Info: 1 email address
Tractable's Board of Directors
Tractable's board has 3 active members. Razvan Ranca is part of team and Venkat Sathyamurthy and Venkat Sathyamurthy are independent board members.Here is the list of Tractable's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 11y 8m | |
Independent board member | - | Current | 1y 10m | |
Independent board member | - | Current | 1y 10m | |
Independent board member | - | Past | 9y 8m | |
Independent board member | - | Past | 2y 11m | |
Independent board member | - | Past | 0y 7m |
View details of Tractable's Founder profiles and Board Members
Tractable's employee count trend
Tractable has 176 employees as of Aug 26. Here is Tractable's employee count trend over the years:
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Tractable's Competitors and alternates
Top competitors of Tractable include Guidewire, Duck Creek and Insurity. Here is the list of Top 10 competitors of Tractable, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Guidewire 2001, San Mateo (United States), Public | Cloud-based platform for property and casualty insurance | - | 77/100 | |
2nd | Duck Creek 2000, Boston (United States), Acquired | Provider of cloud-based solutions for property and casualty and general insurance | $350M | 71/100 | |
3rd | Insurity 1985, Hartford (United States), Acquired | AI and cloud-based policy management and claims administration solutions | $57M | 67/100 | |
4th | Bold Penguin 2016, Columbus (United States), Acquired | Software suite for the commercial insurance industry | $50.1M | 66/100 | |
5th | Solera 2006, Dallas (United States), Acquired | Insurance life cycle management solutions | - | 65/100 | |
6th | Hyperexponential 2017, London (United Kingdom), Series B | Developer of software for commercial insurance pricing and underwriting workflows | $91M | 65/100 | |
7th | Applied 1983, University Park (United States), Acquired | Provider of a cloud-based software suite for P&C insurers, MGA and agents | - | 62/100 | |
8th | CLARA analytics 2016, Santa Clara (United States), Series C | Workers' Compensation claims management with predictive analytics | $64M | 62/100 | |
9th | Insurance policy and claims management solutions for the insurance industry | $66.9M | 61/100 | ||
10th | OneShield 1999, Marlborough (United States), Series E | Cloud-based insurance policy and claims management solutions for the p&c insurance industry | $52.5M | 58/100 | |
11th | Tractable 2014, London (United Kingdom), Series E | Developer of artificial intelligence software for automated vehicle damage assessment | $185M | 58/100 |
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Tractable's Investments and acquisitions
Tractable has made no investments or acquisitions yet.
Reports related to Tractable
Here is the latest report on Tractable's sector:
News related to Tractable
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Wexler AI Raises $1.4M Pre-Seed FinancingFinSMEs•Dec 03, 2024•Wexler, Myriad Venture Partners, ComplyAdvantage, Moonpig and 3 others
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Tractable raises over BRL 312 million in round led by SoftBankFusoes & Aquisicoes•Jul 20, 2023•Tractable, SoftBank Vision Fund
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Tractable to tap into generative AI, further tech investmentInsurance Business America•Jul 20, 2023•Tractable
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Tractabe receives $65M Series E investment led by SoftBankReinsurance News•Jul 20, 2023•Tractable, SoftBank Vision Fund
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Tractable announces $65 million capital raiseInsurance Business America•Jul 19, 2023•Tractable, SoftBank Vision Fund
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AI insurtech Tractable closes £50m round led by SoftBankCoinspeaker•Jul 19, 2023•Tractable, SoftBank Group, Insight Partners, Georgian
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SoftBank Vision Fund invests in U.K. insurtech TractableNihon Keizai Shimbun•Jul 19, 2023•Tractable, SoftBank Vision Fund, Insight Partners
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