About
Shift Technology provides AI-powered claims fraud detection for insurers. Valued at $1B+ after $220M Series D led by Advent International. Serves P&C, health, life, and travel insurers in 30+ countries with 3B+ policies/claims analyzed. Customers include Tokio Marine, Direct Assurance, and Markerstudy. 2024 Celent Luminary Award winner in both P&C and Health. Uses Azure OpenAI for document analysis. Offices in Paris, Boston, Tokyo, Singapore.
Key Facts
- [1]Founded: Founded in 2014 in Paris, France.
- [2]Funding: Total funding: $320M. Last round: Nov 2021. Stage: Late Stage.
- [3]Customers: Key customers include Zurich Insurance, Generali, AXA.
- [4]Employees: Employee count: 501-1,000.
- [5]Website: Official website: shift-technology.com.
- [6]AI Technology: Core AI/ML technologies: Predictive ML.
- [7]Region: Region: EMEA (France).
Founders
Jeremy Jawish
Co-founder & CEO
Eric Sibony
Co-founder & CSO
David Cardena
Co-founder
Key Customers & Partners
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Shift Technology?
Shift Technology provides AI-powered claims fraud detection for insurers. Valued at $1B+ after $220M Series D led by Advent International. Serves P&C, health, life, and travel insurers in 30+ countries with 3B+ policies/claims analyzed. Customers include Tokio Marine, Direct Assurance, and Markerstudy. 2024 Celent Luminary Award winner in both P&C and Health. Uses Azure OpenAI for document analysis. Offices in Paris, Boston, Tokyo, Singapore. Shift Technology is classified in the Insurance segment at the Models layer of the financial AI stack.
Who founded Shift Technology?
Shift Technology was founded by Jeremy Jawish (Co-founder & CEO), Eric Sibony (Co-founder & CSO), and David Cardena (Co-founder) in 2014 in Paris, France. The company has been operating for 12 years.
How much funding has Shift Technology raised?
Shift Technology has raised $320M in total funding, placing the company at the Late Stage stage. The most recent round closed in Nov 2021. Among 45 funded Insurance companies, Shift Technology ranks #15 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Shift Technology use?
Shift Technology primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Insurance segment, 28 companies use this technology.
What market segment does Shift Technology operate in?
Shift Technology operates in the Insurance and Risk & Compliance market segments. AI insurance companies are modernizing one of the oldest financial sectors, applying machine learning to underwriting, claims processing, actuarial modeling, and risk assessment across property, casualty, health, and life insurance lines. The company also has a footprint in risk & compliance, reflecting its cross-functional approach to financial AI.
Where is Shift Technology headquartered?
Shift Technology is headquartered in Paris, France. The company operates in the EMEA region. The team consists of 501-1,000 employees. France is home to 8 financial AI companies tracked by AIFI Map.
Who are Shift Technology's competitors?
Companies similar to Shift Technology in the Insurance space include Feedzai ($431M raised), Sardine ($170M raised), Hawk AI ($83M raised), Resistant AI ($55M raised), Flagright ($8M raised). These companies operate in related areas of financial AI: Feedzai focuses on ai-native fraud and financial crime prevention platform for major banks. Sardine focuses on ai risk platform for fraud, credit, and compliance. Hawk AI focuses on ai-powered aml and fraud detection for banks and fintechs. (Based on AIFI Map classification data.)
What products does Shift Technology offer?
Shift Technology builds models-layer solutions for the financial services industry. The company's core offering: AI fraud detection for insurance claims. The platform is powered by Predictive ML technology. Notable users include Zurich Insurance, Generali, AXA.