Shift Technology Raises $60M to Expand Use of AI for Fraudulent Claims Detection

by Insurance Journal

Shift Technology has raised $60 million in new venture financing, money that will help grow the reach of its artificial intelligence and big data technology designed to help carriers detect fraud during the claims process.

Plans call for using the cash infusion to fuel research, new product development and further global expansion, particularly in the U.S. and Japanese markets.

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