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Japan is turning to Israeli cybersecurity experts in advance of the 2020 Olympic Games in Tokyo. Photo: Twitter CTech — API security leader Salt Security announced on Wednesday that it has secured $70 million in series C funding, led by Advent International, one of the largest and most experienced private equity investors, through Advent Tech, with participation from Alkeon Capital and DFJ Growth. Existing investors Sequoia Capital, Tenaya Capital, S Capital VC, and Y Combinator also particip...

Total funding of $131 million along with 400% growth in revenue further enhance the lead Salt holds in the API security market.

Iris Capital also took part in Shift’s Series D round. With this latest funding, Shift said it would use the capital to expand its business operations into the US, Europe, and Asia as well. In the United States, the firm will be penetrating the property and casualty (P&C) insurance sector and will also expand into the health insurance industry, an area in which the company sees a great opportunity. The funds raised by Shift Technology will also be used to support researach and development (R&...

French start-up Shift Technology hits unicorn status Image: © Dina/Stock.adobe.com The insurance-focused SaaS company has been valued at more than $1bn after raising $220m in Series D funding. Shift Technology, which develops AI for insurance fraud detection, has raised $220m in funding. The Series D funding round was led by Advent International, through Advent Tech, with participation from Avenir and others. Previous Series C backers Accel, Bessemer Venture Partners, General Catalyst and Iris...

While incumbent insurance providers continue to get disrupted by startups like Lemonade, Alan, Clearcover, Pie and many others applying tech to rethink how to build a business around helping people and companies mitigate against risks with some financial security, one issue that has not disappeared is fraud. Today, a startup out of France is announcing […]

Shift Technology Secures $220 Million in a Series D Investment Round Led by Advent International News provided by Share this article Share this article PARIS and BOSTON, May 6, 2021 /PRNewswire/ -- Shift Technology, a SaaS provider of artificial intelligence (AI)-driven decision automation and optimization solutions for the global insurance industry, today announced the company closed a Series D investment round of $220 million. The round was led by Advent International, through Advent Tech, w...

To print this article, all you need is to be registered or login on Mondaq.com. New York – April 27, 2021 –  Cooley advised BigID, a leader in data discovery and intelligence, on its $30 million investment from Advent International, which boosts its Series D funding round to $100 million and brings its valuation to $1.25 billion. Partner Adam Dinow led the team advising BigID. The investment from global private equity investor Advent International, through Advent Te...

8 Advent International has tapped its dedicated $2bn tech fund to help data intelligence service provider BigID reach a $1.25bn valuation. The private equity firm agreed to commit $30m as an extension to the company’s existing $70m Series D round, which saw it hit unicorn status last December. BigID has now raised $200m over four rounds since September 2019. Existing investors include Salesforce Ventures, Tiger Global Management, Glynn Capital, Bessemer Venture Partners, Scale Venture Partner...

Share this article NEW YORK and TEL AVIV, Israel, April 22, 2021 /PRNewswire/ -- BigID, a leader in data discovery and intelligence for privacy, protection and perspective, today announced a $30 million investment from Advent International, one of the largest and most experienced global private equity investors, through Advent Tech, extending the companys $70 million Series D financing raised in December 2020. BigID has raised $200 million over four rounds since September 2019, a pace that il...

HYPR Raises $35M Series C Led by Advent International USA - English News provided by Share this article NEW YORK, April 20, 2021 /PRNewswire/ --  HYPR, The Passwordless Company™ today announced it has raised $35 million in a Series C financing, doubling the companys total funding to over $70 million. The investment is led by Advent International through Advent Tech, the firms dedicated global technology fund. Advent has significant experience in cyber technology, including recent early-stag...