10 / 24 / 2017

Shift Technology raises $28 million for AI-powered fraud detection

Shift Technology uses AI to mitigate insurance fraud and today announced a $28 million series B funding round to grow its business.

The Paris-based startup will use the fresh infusion of cash to expand its footprint to New York and Tokyo in the first quarter of next year. The company is making that move to be closer to customers in two of the world’s largest insurance markets. It already has offices in London, Singapore, Hong Kong, and Zurich.