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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

Highlights

Total Funding Amount
$528M
Funding Rounds
4
Investors
2

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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