Shift Technology

Shift a SaaS provider of artificial intelligence (AI)-driven decision automation and optimization solutions for the global insurance industry.

Shift delivers the only AI-native decision automation and optimization solutions built specifically for the global insurance industry.

Shift was founded in Paris in 2013 by Jeremy Jawish, Eric Sibony, and David Durrleman. The company is headquartered in Paris, Île-de-France, with an office in Boston, Massachusetts.

 

 

Shift's flagship product Shift Insurance Suite, enables insurers to apply AI-based decision automation and optimization technology to an even wider array of critical processes across the policy lifecycle, including underwriting, subrogation, and compliance.

 

Shift's also offers Shift Claims Automation, which integrates seamlessly with core systems, as well as Shift Claims Fraud Detection, Shift Subrogation Detection, and other AI-native solutions, to maximize efficiency and accuracy throughout the claims process.

 

Shift now serves more than 100 customers in 25 different countries and has analyzed nearly two billion claims to date. The company was presented Frost & Sullivan's 2020 Global Claims Solutions for Insurance Market Leadership Award.

 

Shift is backed by Accel, Bessemer Venture Partners, General Catalyst, Advent International through Advent Tech and others. The company raised $220M in Series D round on May 06, 2021. This brings Shift's total funding to $320M to date. The latest round valued the company at over $1B post-money.

 

 

  • Year founded: 2013
  • Funding Info: $320M over 7 Rounds (Latest Funding Type: Series D)
  • Yearly Revenue: $60M (2020)
  • Employee Size: 201-500
  • Business Valuation: Valued at over $1B as of May 06, 2021
  • City/Town: Paris
  • State: Île-de-France
  • Country: France
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