As the insurance industry adjusts to life in the 21st century (heh), an AI startup that has built computer vision tools to enable remote damage appraisals is announcing a significant round of growth funding. Tractable, which works with automotive insurance companies to let users take and submit photos of damaged cars that are then "read" to make appraisals, has raised $60 million, a Series D that values Tractable at $1 billion, the company said. Tractable says it works with more than 20 of the top 100 auto insurers in the world, and it has seen sales grow 600% in the last 24 months, which CEO Alex Dalyac told me translates as "well into eight figures of annual revenue."
Scientists have solved what caused the "Great Dimming" of Betelgeuse.
Thanks to a twist of fate, two large cups of coffee and help from editor Annie Saunders, the Extra Crunch team is taking over today's edition of Daily Crunch. Don't worry, we'll hand it back as soon as Henry Pickavet returns or Alex Wilhelm is back from vacation, whichever occurs first. With that in mind, Managing Editor Eric Eldon interviewed growth leader Susan Su, currently head of portfolio strategy at Sound Ventures, about the need for founders to develop a growth-centered mentality as the economy reopens.