About Tractable
Tractable is a company based in London (United Kingdom) founded in 2014 by Razvan Ranca, Adrien Cohen, and Alex Dalyac.. Tractable has raised $184.83 million across 7 funding rounds from investors including SoftBank Vision Fund, Georgian and Insight Partners. Tractable offers products and services including Tractable AI Platform and AI Workflow Integration. Tractable operates in a competitive market with competitors including Jidoka, Twinner, DeGould, Fyusion and COMPREDICT, among others.
- Headquarter London, United Kingdom
- Founders Razvan Ranca, Adrien Cohen, Alex Dalyac
- Stage Unicorn
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Sectors
Financial ServicesTransportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Tractable Ltd.
- Date of Incorporation 18 Nov, 2014
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$184.83 M (USD)
in 7 rounds
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Latest Funding Round
$65 M (USD), Series E
Jul 18, 2023
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Investors
SoftBank Vision Fund
& 11 more
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Employee Count
Employee Count
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Products & Services of Tractable
Tractable offers a comprehensive portfolio of products and services, including Tractable AI Platform and AI Workflow Integration. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Analyzes vehicle images for accurate damage detection and estimates.
Enhances claims processing for insurers and repairers using AI.
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Funding Insights of Tractable
Tractable has successfully raised a total of $184.83M across 7 strategic funding rounds. The most recent funding activity was a Series E round of $65 million completed in July 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series E — $65.0M
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First Round
First Round
(29 Jun 2015)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2023 | Amount | Series E - Tractable | Valuation | SoftBank Vision Fund | |
| Jun, 2021 | Amount | Series D - Tractable | Valuation | Insight Partners , Georgian |
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| Feb, 2020 | Amount | Series C - Tractable | Valuation | Georgian |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tractable
Tractable has secured backing from 12 investors, including venture fund and angel investors. Prominent investors backing the company include SoftBank Vision Fund, Georgian and Insight Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments in technology and startups.
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Venture capital is provided to expanding B2B software companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Tractable
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Tractable
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tractable Comparisons
Competitors of Tractable
Tractable operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Jidoka, Twinner, DeGould, Fyusion and COMPREDICT, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Autonomous AI vision solutions are provided for inspection and optimization.
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| domain | founded_year | HQ Location |
Provider of a cloud-driven merchandising solution for the automotive industry
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| domain | founded_year | HQ Location |
AI-powered automated vehicle inspection systems are provided for various industries.
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| domain | founded_year | HQ Location |
3D image processing technology is developed for consumer applications.
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| domain | founded_year | HQ Location |
AI-based virtual sensors are provided for automotive components.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tractable
Frequently Asked Questions about Tractable
When was Tractable founded?
Tractable was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Tractable located?
Tractable is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Tractable?
Venkat Sathyamurthy is the current CEO of Tractable.
Is Tractable a funded company?
Tractable is a funded company, having raised a total of $184.83M across 7 funding rounds to date. The company's 1st funding round was a Series C of $25M, raised on Jun 29, 2015.
What does Tractable do?
Tractable was founded in 2014 in London, United Kingdom, and operates in the AI sector focused on insurance and automotive industries. Vehicle damage assessments are conducted through deep learning analysis of images and claim reports, enabling validation of insurance claims. Multi-instance learning is applied to evaluate damage from multiple photographs, supporting agents in processing claims efficiently. Solutions are tailored for insurers to streamline inspections and decision-making.
Who are the top competitors of Tractable?
What products or services does Tractable offer?
Tractable offers Tractable AI Platform and AI Workflow Integration.
Who are Tractable's investors?
Tractable has 12 investors. Key investors include SoftBank Vision Fund, Georgian, Insight Partners, Ignition Partners, and Microsoft Accelerator.
What is Tractable's valuation?
The valuation of Tractable is $1B as of Jun 2021.
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