Shift Technology is a Paris-based startup providing AI-based fraud detection for the global insurance industry. It offers a fraud detection solution called FORCE, which is used by insurers all over the world across all business sectors. It has already analysed hundreds of millions of claims that identify potential fraud. Also, it has provided fraud handlers with a decision-making platform designed to scale their capacity and add efficiency to claims processing.
€53 million in a Series C funding
Now, this startup has secured €53 million in a Series C funding round led by Bessemer Venture Partners along with participation from its existing investors such as General Catalyst, Accel and Iris Capital.