SoftBank Group invests $65 million in UK AI firm - Nikkei
Summary
TOKYO, July 18 (Reuters) - SoftBank Group has resumed investment in new AI companies, investing $65 million in British firm Tractable, an insurance technology company that uses AI to assess insurance claims in photos, the Nikkei Business Daily reported on Tuesday. (Reporting by Anton Bridge, Editing by Louise Heavens)
Funding
Amount
$65.0M
Total raised
Date
July 18, 2023
Announcement date
Investors
-
Lead investors
Company
http://www.tractable.ai
Funded company
Classifications
industries
HealthTech
applications
AI & Machine learning
AskAI Classifications
Labels
Artificial Intelligence
SaaS
Automotive Software
Linked Companies
Tractable
$10M to $25M