About Shift
Shift is a company based in Charlottesville (United States) founded in 2024 by Michael J Prichard. It operates as a SaaS (Software-as-a-Service). Shift has raised $1.35 million across 1 funding round. Shift offers products and services including Basis AI Platform. Shift operates in a competitive market with competitors including AvidXchange, LaiYe, ProsperOps, C TWO and Rimilia, among others.
- Headquarter Charlottesville, United States
- Founders Michael J Prichard
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Sectors
Technology
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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 Engineering Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.35 M (USD)
in 1 rounds
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Latest Funding Round
$1.35 M (USD), Seed
Dec 19, 2024
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Investors
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Employee Count
Employee Count
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Products & Services of Shift
Shift offers a comprehensive portfolio of products and services, including Basis AI Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Investment research is streamlined by eliminating manual data tasks.
Funding Insights of Shift
Shift has successfully raised a total of $1.35M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.35 million completed in December 2024. 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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $1.3M
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First Round
First Round
(19 Dec 2024)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Seed - Shift | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Shift
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Shift
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Shift Comparisons
Competitors of Shift
Shift 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 AvidXchange, LaiYe, ProsperOps, C TWO and Rimilia, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Accounts payable and payment automation solutions are offered for businesses.
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Automation and work execution are managed by an AI-powered platform.
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Reserved instances are autonomously managed to optimize cloud costs.
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| domain | founded_year | HQ Location |
Workflow automation is enabled via a cloud-based platform.
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| domain | founded_year | HQ Location |
Robotic process automation is applied to accounts receivable management.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Shift
When was Shift founded?
Shift was founded in 2024.
Where is Shift located?
Shift is headquartered in Charlottesville, United States. It is registered at Charlottesville, Virginia, United States.
Who is the current CEO of Shift?
Michael J Prichard is the current CEO of Shift. They have also founded this company.
Is Shift a funded company?
Shift is a funded company, having raised a total of $1.35M across 1 funding round to date. The company's 1st funding round was a Seed of $1.35M, raised on Dec 19, 2024.
What does Shift do?
Investment research is supported by Shift through the Basis AI Platform. Analyst grunt work is eliminated, allowing focus on core tasks. Data silos are broken down, making insights visible and actionable. The platform is used by firms like Brown Advisory for efficient research. Sectors served include financial services with solutions for organizing, visualizing, and analyzing data. Security and privacy are prioritized with SOC 2 compliance.
Who are the top competitors of Shift?
Shift's top competitors include AvidXchange, LaiYe and C TWO.
What products or services does Shift offer?
Shift offers Basis AI Platform.