Tractable, a London, UK-based technology company developing AI for accident and disaster recovery, raised $25m in Series C funding.
The round was led by Georgian Partners with participation from existing investors Insight Partners and Ignition Partners. The round nearly doubles the total raised by Tractable, to $55m.
The company intends to use the funds to accelerate its expansion into new markets from the nine countries in which it currently operates.
Co-founded by Alex Dalyac, Razvan Ranca and Adrien Cohen in 2014, Tractable develops artificial intelligence for accident and disaster recovery. Its AI solutions have been deployed by insurers including Ageas in the UK, France’s Covéa, Japan’s Tokio Marine and Polish insurer Talanx-Warta across Europe, North America and Asia to accelerate accident recovery for hundreds of thousands of households.
The company has offices in London, New York City and Tokyo.