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Avi Ben-Hutta
Editor at Coverager

Shift Technology

The shift to AI

Paris-based SaaS startup Shift Technology has raised $10 million in a Series A funding round led by Accel, which backed Facebook and Slack, to name a few, along with Elaia Partners and Iris Capital. Think: an AI-based platform for detecting cases of potential fraud, because back-end systems deserve innovation too.

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Investments

Guidewire backs Shift Technology

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This integration between Shift and Guidewire makes it possible for insurance professionals to receive real-time alerts in their ClaimCenter environment.

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Economical Insurance selects Shift Technology for fraud detection

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The insurer will use Shift's technology to better spot potentially suspicious claims in its Personal and Commercial Auto and Property lines of business.

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Shift Technology secures $220 million in a Series D round

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The round was led by Advent International, through Advent Tech, with participation from Avenir and others.

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Insurance Fraud Bureau to launch fraud detection system in the UK

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The IFB is a not-for-profit organisation at the heart of the UK's fight against insurance fraud.