Tractable

Stellantis Celebrates 11 Top-performing Startups and Innovation Partners with 2023 Venture Awards

Retrieved on: 
Thursday, December 14, 2023

Startups play an important role in Dare Forward 2030 ambition to embrace customer-centric solutions for clean, safe and affordable mobility

Key Points: 
  • Startups play an important role in Dare Forward 2030 ambition to embrace customer-centric solutions for clean, safe and affordable mobility
    AMSTERDAM, December 14, 2023 – Celebrating innovation and successful collaborations, Stellantis N.V. today recognized 11 top-performing technology startups with the second annual Stellantis Venture Awards.
  • The Venture Awards accentuate Stellantis’ dedication to delivering customer-focused technology and features, powering the Dare Forward 2030 ambition for global clean, safe and affordable mobility.
  • “With the Stellantis Venture Awards we recognize the fresh, creative perspectives of innovative startups that help us deliver useful, cutting-edge features.”
    Stellantis works with startups in two ways:
    As a partner: Stellantis fosters innovation through fast implementation of innovative solutions from startups.
  • The 2023 Stellantis Venture Awards recognition, listed by pillar category of the Dare Forward 2030 strategic plan, includes:
    Recicli (Brazil) specializes in developing sustainable technologies for all industries.

6K Inc. is recognized in Stellantis' 2023 Venture Awards

Retrieved on: 
Thursday, December 14, 2023

NORTH ANDOVER, Mass., Dec. 14, 2023 /PRNewswire/ -- 6K Inc. is honored to be recognized in Stellantis' 2023 Venture Awards, as one of its Top-Performing Innovation Partners.

Key Points: 
  • NORTH ANDOVER, Mass., Dec. 14, 2023 /PRNewswire/ -- 6K Inc. is honored to be recognized in Stellantis' 2023 Venture Awards, as one of its Top-Performing Innovation Partners.
  • The Venture Awards accentuate Stellantis' dedication to delivering customer-focused technology and features, powering the Dare Forward 2030 ambition for global clean, safe and affordable mobility.
  • "With the Stellantis Venture Awards we recognize the fresh, creative perspectives of innovative startups that help us deliver useful, cutting-edge features."
  • The 2023 Stellantis Venture Awards recognition, listed by pillar category of the Dare Forward 2030 strategic plan, includes:
    Recicli (Brazil) specializes in developing sustainable technologies for all industries.

6K Inc. is recognized in Stellantis' 2023 Venture Awards

Retrieved on: 
Thursday, December 14, 2023

, Dec. 14, 2023 /PRNewswire/ -- 6K Inc. is honored to be recognized in Stellantis' 2023 Venture Awards, as one of its Top-Performing Innovation Partners.

Key Points: 
  • , Dec. 14, 2023 /PRNewswire/ -- 6K Inc. is honored to be recognized in Stellantis' 2023 Venture Awards, as one of its Top-Performing Innovation Partners.
  • The Venture Awards accentuate Stellantis' dedication to delivering customer-focused technology and features, powering the Dare Forward 2030 ambition for global clean, safe and affordable mobility.
  • "With the Stellantis Venture Awards we recognize the fresh, creative perspectives of innovative startups that help us deliver useful, cutting-edge features."
  • The 2023 Stellantis Venture Awards recognition, listed by pillar category of the Dare Forward 2030 strategic plan, includes:
    Recicli (Brazil) specializes in developing sustainable technologies for all industries.

Tractable and PartsTrader Launch Strategic Partnership to Bolster Automotive Industry’s AI-powered Claims Capabilities

Retrieved on: 
Tuesday, October 17, 2023

PartsTrader, the leading cloud-based auto parts procurement platform for the collision repair industry, and Tractable, an artificial intelligence (AI) leader using computer vision to assess the condition of cars, have formed a strategic partnership to bolster how the industry uses AI to process claims.

Key Points: 
  • PartsTrader, the leading cloud-based auto parts procurement platform for the collision repair industry, and Tractable, an artificial intelligence (AI) leader using computer vision to assess the condition of cars, have formed a strategic partnership to bolster how the industry uses AI to process claims.
  • View the full release here: https://www.businesswire.com/news/home/20231017719905/en/
    The partnership between PartsTrader and Tractable enables a more deeply collaborative repair ecosystem that leverages the latest technology and most comprehensive data available.
  • Tractable’s Auto Reviewer solution uses AI to accelerate subrogation, a claims process through which insurers determine cost responsibilities in multi-party claims, and which demands meticulous accuracy and consistency.
  • The future looks promising as we continue to explore the innovative ways our combined technologies can reshape the broader collision and insurance landscapes.”

Tractable AI raises $65M in Series E funding led by SoftBank Vision Fund 2 - investment to power next-generation AI for instant visual assessments within the automotive and property ecosystems

Retrieved on: 
Tuesday, July 18, 2023

As part of the transaction, Nahoko Hoshino, Investment Director for SoftBank Investment Advisers will join the Tractable board.

Key Points: 
  • As part of the transaction, Nahoko Hoshino, Investment Director for SoftBank Investment Advisers will join the Tractable board.
  • Tractable announces a $65M Series E investment led by SoftBank Vision Fund 2.
  • Alex Dalyac, CEO and co-founder of Tractable, said: "Tractable's AI has helped millions recover faster from accidents and natural disasters.
  • Tractable already has strong traction in auto, whereas property is the exciting new opportunity that is ripe for disruption."

Tractable teams up with Verisk to offer AI-powered estimates for property damage

Retrieved on: 
Monday, February 6, 2023

With Tractable's AI, insurers that use Xactimate can cut the time to settle a property claim from months to just a day.

Key Points: 
  • With Tractable's AI, insurers that use Xactimate can cut the time to settle a property claim from months to just a day.
  • Launched last year, Tractable's AI property solution allows policyholders to take and submit photos of damage through a mobile-friendly, web-based app.
  • The AI, trained on a large database of claims and damaged property, then quickly identifies, classifies and measures the property damage, enabling automated estimates to be generated on Verisk's Xactimate® platform.
  • "When people experience property damage, the first—and often most time-consuming—step toward recovery is settling their insurance claim," said Alex Dalyac, co-founder and CEO of Tractable.

Zetta Venture Partners Names Apoorva Pandhi Managing Director

Retrieved on: 
Thursday, November 17, 2022

SAN FRANCISCO, Nov. 17, 2022 /PRNewswire/ -- Zetta Venture Partners, the first VC firm exclusively focused on investing in AI, today announced that Apoorva Pandhi has joined as a managing director.

Key Points: 
  • SAN FRANCISCO, Nov. 17, 2022 /PRNewswire/ -- Zetta Venture Partners , the first VC firm exclusively focused on investing in AI, today announced that Apoorva Pandhi has joined as a managing director.
  • In his new role, Pandhi will be responsible for co-managing the firm's fund alongside Zetta's managing director and Silicon Valley veteran, Jocelyn Goldfein, and the firm's visionary founder and managing director, Mark Gorenberg.
  • He also started his investor journey at Lightspeed Venture Partners, where he focused on enterprise and consumer investments.
  • Zetta Venture Partners is the first VC firm focused exclusively on investing in AI.

Entegral Launches Smart Assist™, Cutting-Edge Vehicle Claims Triage Product

Retrieved on: 
Monday, October 24, 2022

MADISON, Wis., Oct. 24, 2022 /PRNewswire/ -- Backed by the trusted brand and world-class service of Enterprise Rent-A-Car, Entegral has announced the launch of Smart Assist, a vehicle claim assistance product designed for use with mobile devices, in North America. This new SaaS (software as a service) offering puts more control directly into the customer's hands after a collision and, in the process, helps to digitize and automate the claims journey from first notice of loss. The product was launched yesterday with a demo at Guidewire Connections 2022 in Las Vegas, where Entegral is a sponsoring PartnerConnect Solution partner.

Key Points: 
  • The product was launched yesterday with a demo at Guidewire Connections 2022 in Las Vegas, where Entegral is a sponsoring PartnerConnect Solution partner.
  • The latest offering from Entegral, Smart Assist is a groundbreaking self-service application that provides control and transparency to the vehicle owner from first notice of loss through the completion of the claim.
  • By connecting people, systems and data on an open platform, Entegral is simplifying and harmonizing the automotive claims experience for industry partners and vehicle owners alike," said Joe Rector, vice president of Entegral.
  • "The launch of Smart Assist illustrates how we're continuing to invest in advanced solutions to improve claims processing.

Mitchell and Claim Genius Working to Make Estimate Automation a Reality

Retrieved on: 
Wednesday, September 21, 2022

SAN DIEGO, Sept. 21, 2022 /PRNewswire/ -- Mitchell, an Enlyte company and leading provider of technology, connectivity and information solutions to the Property & Casualty (P&C) claims and Collision Repair industries, today announced that its advanced claims automation solution will support straight-through processing using the latest artificial intelligence (AI) from Claim Genius. With Mitchell's cloud-based architecture, open platform and comprehensive repair data, and Claim Genius' proprietary computer vision technology—which detects exterior, interior and unrelated prior damage as well as returns recommendations for labor operations and judgment times—U.S. and Canadian auto insurers can automatically produce a full or partial estimate from photos or videos of collision damage. This will help them accelerate claims processing, enhance policyholder satisfaction and provide a streamlined, digital claims experience.

Key Points: 
  • and Canadian auto insurers can automatically produce a full or partial estimate from photos or videos of collision damage.
  • In addition to third-party computer vision technologies from Claim Genius, Tractable and Inspektlabs , Mitchell also offers its own AI engine and supports insurer-developed AI algorithms.
  • "Estimate automation is rapidly becoming a key priority and, with Mitchell and Claim Genius, a key differentiator for our auto insurance customers," said Raj Pofale, CEO and founder of Claim Genius.
  • Using Claim Genius solutions, customers can reduce inspection time and expense, drive new efficiencies and revolutionize business capabilities.

American Family Insurance streamlines claims operations with Tractable's AI

Retrieved on: 
Wednesday, July 13, 2022

Tractable's AI solutions will be integrated across all of American Family Insurance Claims Services (AFICS), improving speed, efficiency and accuracy, underscoring its commitment to providing a superior customer experience

Key Points: 
  • Tractable's AI solutions will be integrated across all of American Family Insurance Claims Services (AFICS), improving speed, efficiency and accuracy, underscoring its commitment to providing a superior customer experience
    NEW YORK, July 13, 2022 /PRNewswire/ -- American Family Insurance, one of the largest players in US property and casualty insurance, is partnering with Tractable to apply its artificial intelligence (AI) solutions.
  • Specifically, American Family Insurance Claims Services (AFICS) will be using Tractable as part of its claims subrogation settlement process.
  • Working together, we combine the trust American Family has built as a leading P&C carrier with Tractable's industry-leading AI, to demonstrate the real-time, commercial impact AI is having in insurance and beyond."
  • The American Family Insurance group also includes CONNECT, powered by American Family Insurance, The General, Homesite and Main Street America Insurance.