• FOUNDING YEAR: 2013
    LOCATION:
    France
    REGION:
    Ile-de-France
    Last Update:
    14 Feb, 2020

Description

FOCUS

PRODUCTS & SERVICES:
Shift Technology product offerings include: Force: Offers a decision--making platform that can be used by the insurance companies to identify fraudulent claims and networks. It provides actionable insights abot the various that appears suspicious in a claim. Luke: It enables automation of the end-to-end claim management solutions right form filing a claim to policy payout.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Insurance companies
PRIMARY PROBLEM SOLVED:
Enhance insurance fraud detection capabilities and increase fraud savings and optimize claim handling process
COMMENT
Having successfully harnessed AI to reproduce a fraud handler’s deductive reasoning, they plan to replicate this achievement within claim handling as well.

PEOPLE

MEDICI analysts will analyze Shift Technology soon

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$99.99 Millions
DATE OF LAST FUNDING:
Mar 2019
TOTAL FUNDING COMMENT:
The company will use the fund to open an office in New York and another one in Tokyo and also to bolster the team and build out the product scaling new fraud detection products for life insurance and workers compensation. (Oct. 2017)
SEED & PRIOR FUNDING:
$1.92 Millions
SEED CLOSED ON:
Dec 2014
FUNDING SERIES:
SERIES A
$10 Million Closed: May 2016
SERIES B
$28 Millions Closed: Oct 2017
SERIES C
$60 Millions Closed: Mar 2019
Others
$67.16 K Closed: Jun 2017
LISTED:
NO

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