Shift Technology is an insurance technology company offering artificially intelligent software for insurance fraud detection and claims handling that is headquartered in Paris, France and was founded in 2013 by David Durrleman, Eric Sibony, and Jeremy Jawish.
On May 18, 2016 Shift Technology completed their series A funding round with $10 million in funding from Accell (lead investor), Elaia, and Iris Capital.
On October 23, 2017 Shift technology completed their series B funding round with $28 million in funding from General Catalyst (lead investor), Accel (lead investor), Iris Capital, and Elaia.
On March 24, 2019 Shift Technology completed their series C funding round with $60 million in funding from Bessemer Venture Partners (lead investor), Iris Capital, General Catalyst, and Accel.
Shift Technology raises $60 million to detect insurance fraud
March 4, 2019
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- InsuranceEquitable transfer of the risk of a loss, from one entity to another in exchange for payment
- Insurance technologyAn industry around technology applied to insurance sometimes also referred to as Insurtech or Insuretech (with an 'e')
- SoftwareComputer software, or simply software, is a collection of data or computer instructions that tell the computer how to work. This is in contrast to physical hardware, from which the system is built and actually performs the work. In computer science and software engineering, computer software is all information processed by computer systems, prog...
- Cluster: Artificial intelligenceA cluster of topics related to artificial intelligence.