# Shift Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shift-technology

- Industry: Software
- Headquarters: Paris, France
- Website: www.shift-technology.com
- Total disclosed funding: $427M
- Latest round: Series D (Nov 29, 2021)
- Investors on record: 9

## About

Founded in 2014 and based in Paris, France, Shift Technology SAS is a software as a service platform provider for the insurance and e-commerce industries. The company was founded by David Durrleman, Eric Sibony and its CEO, Jeremy Jawish. As of 2021, Shift Technology has offices in Boston, Tokyo, London, Madrid, Zurich, Singapore, Toronto, Sao Paulo and Hong Kong. In May 2021, Shift Technology raised USD 220 million in series D funding led by new investor Advent International.

Shift Technology’s software as a service solution contains artificial intelligence native fraud detection and claims automation that helps insurers to find fraudsters, streamline claim workflows, and accelerate claim resolutions. In January 2021, the company launched the shift insurance suite in addition to its fraud detection and claims automation software. 

The shift insurance suite allows insurers to apply AI-based decision automation and optimization technology to a wider array of critical processes across the policy lifecycle such as underwriting, subrogation, and compliance. The shift insurance suite is comprised of claims fraud detection, automation and optimization of claims decisions, underwriting fraud detection, identification of subrogation opportunities and financial crime detection.

As of 2021, the company has analyzed nearly two billion claims, generating an estimated annual revenue of USD 37.8 million per year.

The company plans to expand its services into the health, property and casualty insurance market, and its presence in key geographies.

## Funding rounds

- Series D, Nov 29, 2021, $144M — Guidewire Software, Inc., Mundi Ventures
- Series D, May 6, 2021, $220M — Accel, Advent International, General Catalyst Partners, IRIS, Bessemer Venture Partners, Guidewire Software, Inc., Avenir Growth Capital
- Series C, Mar 27, 2019, $53M — Accel, General Catalyst Partners, IRIS, Bessemer Venture Partners
- Series A, Jun 13, 2016, $9.7M — Accel, Elaia Partners, IRIS

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series C, Series D
- Elaia Partners (https://capitalatlas.ai/funds/elaia-partners) — Series A
- IRIS (https://capitalatlas.ai/funds/iris) — Series A, Series C, Series D
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series C, Series D
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series C, Series D
- Advent International (https://capitalatlas.ai/funds/advent-international) — Series D
- Guidewire Software, Inc. — Series D
- Avenir Growth Capital (https://capitalatlas.ai/funds/avenir-growth-capital) — Series D
- Mundi Ventures (https://capitalatlas.ai/funds/mundi-ventures) — Series D