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Shift Technology

Shift Technology

An insurance technology company offering artificially intelligent software for insurance fraud detection and claims handling.

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.

Funding
Series A

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.

Series B

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.

Series C

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.

Timeline

November 2021
Shift Technology raises a $220,000,000 series D round from Accel Partners, Advent International, Bessemer Venture Partners, General Catalyst, Guidewire Software and Mundi Ventures.
June 3, 2021
Shift Technology announces that Aéma Groupe is extending its collaboration with the company.
May 6, 2021
Shift Technology secures $220 million in a Series D investment round
May 6, 2021
Shift Technology raises a $220,000,000 series D round.
February 16, 2021
Shift Technology collaborates with CRIF Decision Solutions Ltd., leader in information services, fraud prevention and digital solutions.
December 3, 2020
Shift Technology announces that Admiral Seguros has adopted the company's Shift Claims Fraud Detection.
March 2019
Shift Technology raises a $60,000,000 series C round from Bessemer Venture Partners, Elaia Partners, General Catalyst and Iris Capital.
October 24, 2017
Shift Technology raises a $28,000,000 series B round.
October 2017
Shift Technology raises a $28,000,000 series B round from Elaia Partners, General Catalyst and Iris Capital.
May 2016
Shift Technology raises a $10,000,000 series A round from Accel Partners, Elaia Partners, HDS Capital and Iris Capital.

Funding rounds

Patents

Further reading

Title
Author
Link
Type
Date

2020 GLOBAL

CLAIMS SOLUTIONS FOR INSURANCE

MARKET LEADERSHIP AWARD

PDF

2020

MS & AD Insurance Group Companies Select Shift Technology's FORCETM Fraud Detection Solution - FINANCE INNOVATION

Web

April 13, 2018

Paris-based Shift Technology becomes the latest insurtech unicorn in France after raising €183.2 million | EU-Startups

Arnaud Terrisse

Web

May 7, 2021

Shift Technology - Crunchbase Company Profile & Funding

Web

Shift Technology and Duck Creek Partner to Implement AI Fraud Detection Within Duck Creek Claims

Shift Technology

Web

March 1, 2022

Documentaries, videos and podcasts

Title
Date
Link

News

Title
Author
Date
Publisher
Description
Shift Technology
June 24, 2021
www.prnewswire.com:443
/PRNewswire/ -- Shift Technology, a provider of AI-driven decision automation and optimization solutions for the global insurance industry, today announced...
Shift Technology
June 3, 2021
www.prnewswire.com:443
/PRNewswire/ -- Shift Technology, a provider of AI-driven decision automation and optimization solutions for the global insurance industry, today announced...
Shift Technology
May 25, 2021
www.prnewswire.com:443
/PRNewswire/ -- Cegedim Insurance Solutions, a major player in software solutions and business services for personal insurance, and Shift Technology, a...
Omar Faridi
May 8, 2021
Crowdfund Insider
France's Shift Technology, an SaaS provider of AI based decision automation for insurance, secures $220M via Series D.
Robin Wauters
May 7, 2021
Tech.eu
Happy Friday! This week, our research team tracked more than 80 tech funding deals worth more than €2 billion, and about 25 exits, M&A transactions, and rumours, and related news stories across Europe, including Russia, Israel, and Turkey. As always, we are putting all of them together for you in a handy list sent in [...]
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References

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