UK based AI-enabled damage appraisals tool raised $60m in Series D funding co-led by Insight Partners and Georgian at a pre-money valuation of $940m.
“Six years ago we founded Tractable to bring the AI breakthrough in image classification to the real world. We cracked how to assess cars, helping over a million people recover from accidents, and helping recycle cars that couldn’t be repaired. We’ve turned $55M raised until now into $1B of valuation. And yet, there are other image recognition tasks out there, and more AI breakthroughs to come. Next up for us is homes," said Alex Dalyac, CEO.