Key Takeaways
- London-based startup Tractable raises a whopping $65 million in Series E funding.
- The firm’s innovative AI technology expedites accident and disaster recovery operations.
- With this funding, the total amount raised by the company sums up to $184.9 million to date.
- Tractable has successfully closed eight funding rounds so far.
- This funding round was led by the SoftBank Vision Fund, with participation from Georgian and Insight Partners.
Series E Funding Announcement
The London-based artificial intelligence startup, Tractable, has announced the successful completion of its Series E funding round, raising a staggering $65 million. The funding round was spearheaded by the SoftBank Vision Fund, and also saw participation from other investors such as Georgian and Insight Partners. This is the eighth round of funding that the startup has successfully seen through. The company’s total funding amount now stands at $184.9 million.
Operating at the intersection of artificial intelligence, computer vision, insurance, machine learning, and software, Tractable is recognized for its revolutionary role in the tech industry. The firm focuses on developing AI for accident and disaster recovery, making the recovery process smoother and faster.
Founded in London, the company is European at heart, but its technology and impact are by no means confined to the geographical boundaries of the continent. Tractable’s trailblazing work is fitted to address global challenges, befitting the international scale of its investor base.
For more information about Tractable, you can access their website or follow them on their Crunchbase page.
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