DealmakingInsurTechProptechReal Estate Tech

Tractable hires new AI research lead

Mahadevan previously led AI development at Amazon and Onfido

Tractable, an insurtech that uses AI to assess property and vehicle assets, today announced hiring Mohan Mahadevan as Chief Science Officer (CSO), according to Finextra.

The company says Mahadevan will now lead its AI development and research, in order to improve efficiency and add value across the entire repairs and claims ecosystem. He is set to lead a team of more than 40 AI and computer vision scientists.

Tractable also says his work will improve its solutions, which enable customers to visually assess images of a home and classify their condition or amount of damage. The company noted this will reduce waste, cut carbon emissions and increase the scale of recycling and reuse to help customers recover sooner from natural disasters.

“We want our AI solutions to help people work faster and smarter, while also reducing friction and waste – helping businesses and the planet. Mohan’s established expertise is in implementing cutting-edge AI solutions so they make a tangible difference in real-world situations, and I am therefore delighted that he has joined our mission to make Tractable a global leader in Applied AI,” stated Alex Dalyac, Tractable founder and CEO, in the release.

The new CSO previously served as Head of Computer Vision and Machine Learning (Robotics Applications) at Amazon, and most recently held the role of Senior VP of Applied Science for UK computer vision unicorn Onfido.

“Tractable has built a reputation in the tech industry as the leader at applying computer vision to auto and property assessment, working with the world’s most innovative insurers and corporations,” Mahadevan said.

“I’m excited to help the company further increase its competitive advantage in its existing domains, while also expanding what we can do to assist with new use cases and challenges, including tackling the increasing impact of climate change as it brings more frequent and severe weather events,” he said.

In other recent proptech news, Livly announced integrating SALTO and ButterflyMX access control services into its multifamily resident application. Here also raised a $5 million seed round and stated plans to expand its vacation rental marketplace.

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