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Shift Technology
company
About
Shift Technology is a provider of AI-driven decision automation and optimization technology for the global insurance industry.
- 251 - 500
Details
- Last Funding Type
- Series D
- Last Funding Money Raised
- $220M
- Industries
- Artificial Intelligence,Information Technology,Insurance,InsurTech,Machine Learning
- Founded date
- Mar 1, 2013
- Number Of Employee
- 251 - 500
- Operating Status
- Active
Shift Technology delivers AI-native decision automation and optimization solutions built specifically for the global insurance industry. Addressing several critical processes across the insurance policy lifecycle, Shift helps insurers achieve faster, more accurate claims and policy resolutions. Shift has analyzed billions of insurance transactions to date and was presented Frost & Sullivan’s 2020 Global Claims Solutions for Insurance Market Leadership Award.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
4
$528M
Shift Technology has raised a total of
$528M
in funding over 2 rounds. Their latest funding was raised on
Nov 2, 2021 from a Series D round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Nov 2, 2021 | Series D | $220M | 2 |
Advent International
|
— | Detail |
| May 6, 2021 | Series D | $220M | 2 |
Advent International
|
— | Detail |
| Mar 4, 2019 | Series C | $60M | 1 | — | — | Detail |
| Oct 23, 2017 | Series B | $28M | 1 |
General Catalyst
|
— | Detail |
Investors
Number of Lead Investors
Number of Investors
3
2
Shift Technology is funded by 2 investors.
Advent International
and General Catalyst
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Advent International
|
Yes | Series D |
|
General Catalyst
|
— | Series D |
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