About Shift Technology
Shift Technology is a company based in Paris (France) founded in 2014. Shift Technology has raised $319.74 million across 6 funding rounds from investors including Guidewire, Bessemer Venture Partners and Accel. Shift Technology offers products and services including Claims Fraud Detection, Underwriting Risk Detection, Payment Integrity, and Claims Document Decisions. Shift Technology operates in a competitive market with competitors including Sedgwick, Riskified, Alloy, Signifyd and Yoti, among others.
- Headquarter Paris, France
- Stage Unicorn
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Sectors
TechnologyFinancial Services
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Email
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Phone
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Website
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Social
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- Legal Name Shift Technologies, Inc.
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Annual Revenue
$670.75 M (USD)5as on Dec 31, 2022
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Net Profit
Not available
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EBITDA
$10.46 M (USD)87as on Dec 31, 2022
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Total Equity Funding
$319.74 M (USD)
in 6 rounds
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Latest Funding Round
Not available
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Investors
Guidewire
& 7 more
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Employee Count
Not available
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Products & Services of Shift Technology
Shift Technology offers a comprehensive portfolio of products and services, including Claims Fraud Detection, Underwriting Risk Detection, Payment Integrity, and Claims Document Decisions.
AI system to identify and investigate potential insurance claims fraud.
AI for detecting fraudulent applications in insurance underwriting.
Ensures accurate payment of healthcare claims to prevent errors.
Extracts and verifies claims data for faster settlement processes.
People of Shift Technology
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Software Development Team
18 people
Leadership Team
16 people
Sales and Marketing
16 people
Customer Team
9 people
Senior Team
6 people
Legal and Compliance
5 people
Human Resources and Administration
5 people
Operations Team
5 people
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Funding Insights of Shift Technology
Shift Technology has successfully raised a total of $319.74M across 6 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Shift Technology
Shift Technology has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Guidewire, Bessemer Venture Partners and Accel.
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Private equity firm focused on multiple sectors
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Accel is recognized as a leading venture capital firm.
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Investor details for Shift Technology
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Shift Technology
Investment portfolio details for Shift Technology
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- Transaction dates
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Financial Statements - Shift Technology
Detailed financials for Shift Technology
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- Historical revenue
- Profit trends
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Shift Technology Comparisons
Peer comparison for Shift Technology
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Competitors of Shift Technology
Shift Technology operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Sedgwick, Riskified, Alloy, Signifyd and Yoti, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Claims administration, loss adjusting, and benefits management services are provided.
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AI-based fraud prevention for e-commerce payments is provided.
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Identity decisioning platform is provided for banks and fintech firms.
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Provider of fraud prevention and payment validation for online retailers
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Identity verification solutions are provided for multiple industries digitally.
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Cloud-based big data and fraud prevention solutions are offered.
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Detailed competitors of Shift Technology
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Latest news on Shift Technology
Complete news archive for Shift Technology
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Frequently Asked Questions about Shift Technology
Shift Technology was founded in 2014.
Shift Technology is headquartered in Paris, France.
Shift Technology is a funded company, having raised a total of $319.74M across 6 funding rounds to date.
Annual revenue of Shift Technology is $670.75M as on Dec 31, 2022.
Shift Technology was founded in 2014 in Paris, France, as a provider of AI solutions within the insurance sector. Tools are offered for fraud detection, payment integrity, subrogation, claims intake, compliance risk assessment, and document analysis. The platform is designed to enhance accuracy and efficiency in underwriting, claims processing, and risk management for insurers operating globally.
Shift Technology offers Claims Fraud Detection, Underwriting Risk Detection, Payment Integrity, and Claims Document Decisions.
Shift Technology has 8 investors. Key investors include Guidewire, Bessemer Venture Partners, Accel, Bpifrance, and Advent International.
The valuation of Shift Technology is $1B as of May 2021.