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Shift Technology

Shift Technology

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

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Contents

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

Funding Rounds

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Products

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Acquisitions

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SBIR/STTR Awards

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Patents

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Further Resources

Title
Author
Link
Type
Date

2020 GLOBAL

CLAIMS SOLUTIONS FOR INSURANCE

MARKET LEADERSHIP AWARD

https://www.frost.com/wp-content/uploads/2020/04/Shift-Technology-Award-Write-Up.pdf

PDF

2020

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

https://finance-innovation.org/ms-ad-insurance-group-companies-select-shift-technologys-forcetm-fraud-detection-solution/

Web

April 13, 2018

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

Arnaud Terrisse

https://www.eu-startups.com/2021/05/paris-based-shift-technology-becomes-the-latest-insurtech-unicorn-in-france-after-raising-e183-2-million/

Web

May 7, 2021

Shift Technology - Crunchbase Company Profile & Funding

https://www.crunchbase.com/organization/shift-technology

Web

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

Shift Technology

https://www.prnewswire.com/news-releases/shift-technology-and-duck-creek-partner-to-implement-ai-fraud-detection-within-duck-creek-claims-301492499.html

Web

March 1, 2022

References

shift-technology.com
en.shift-technology.com
Is a
Organization
Organization
Company
Company

Company attributes

Industry
Fraud detection
Fraud detection
Automation
Automation
‌
Robotic process automation
Vertical SaaS
Vertical SaaS
Software as a service (SaaS)
Software as a service (SaaS)
Cloud computing
Cloud computing
Cybersecurity
Cybersecurity
...
Location
Île-de-France
Île-de-France
Europe
Europe
France
France
Paris
Paris
Boston
Boston
B2X
B2B
B2B
Pitchbook URL
pitchbook.com/profiles.../91659-16
Legal Name
Shift Technology SAS
Accelerator
Plug and Play
Plug and Play
Accelerator Batch
Plug and Play Insurtech Batch 4
Plug and Play Insurtech Batch 4
‌
Plug and Play Singapore Fintech/Insurtech Batch 1
Legal classification
‌
Société par actions simplifiée
Date Incorporated
2013
Number of Employees (Ranges)
201 – 500
Number of Employees
291
Full Address
14, Rue Gerty Archimède, Paris, Île-de-France 75012, FR
Investors
Elaia Partners
Elaia Partners
Advent International
Advent International
Guidewire Software
Guidewire Software
Mundi Ventures
Mundi Ventures
Bessemer Venture Partners
Bessemer Venture Partners
Iris Capital
Iris Capital
HDS Capital
HDS Capital
...
DUNS Number
009499042
Founded Date
2013
Email Address
contact@shift-technology.com
Total Funding Amount (USD)
567,962,202
Latest Funding Round Date
November 2021
Competitors
Gradient A.I.
Gradient A.I.
Jerry
Jerry
Mind Foundry Limited
Mind Foundry Limited
Pachama (company)
Pachama (company)
Flock Ltd
Flock Ltd
CTO
David Durrleman
David Durrleman
Key People
David Durrleman
David Durrleman
Latest Funding Type
Series D round
Series D round
NAICS Code
551,112
CAGE Code
1C9E7
Wellfound ID
shift-technology
Technologies Used
HTML5
HTML5
Google Analytics
Google Analytics

Other attributes

Company Operating Status
Active
Country
France
France
Postmoney Valuation
1,000,000,000
Latest Funding Round Amount (USD)
220,000,000
Wikidata ID
Q68414326

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