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Salt Security Raises $70 million in Series C

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

United statesMark oneillRoey eliyahuJeremy dhoinneAbhi arunAnton granicBryan taylorDionisio zumerleGartner incIsraeli defense forcesTakeda pharmaceuticalsSequoia capitalAdvent internationalSalt security raisesSeriesc fundingExpand global operations

France s Shift Technology, an SaaS Provider of AI based Decision Automation for Insurance, Secures $220M via Series D

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&D) work in the implementation of new solutions to cater to innovative decision automation and optimization needs for insurers.

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French start-up Shift Technology hits unicorn status

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 Capital also joined the round. The latest funding round brings total investment in Shift to $320m. It gives the company a market valuation of more than $1bn, making it the latest European start-up to hit unicorn status.

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Gide, counsel to previous investors for the investment round of USD 220 million of French Unicorn Shift Technology

Gide, counsel to previous investors for the investment round of USD 220 million of French Unicorn Shift Technology
gide.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gide.com Daily Mail and Mail on Sunday newspapers.

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Shift Technology raises $220M at a $1B+ valuation to fight insurance fraud with AI – TechCrunch

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 […]

France generalJeremy jawishMitsui sumitomoThomas weismanAdvent internationalCoalition against insurance fraudAdvent techBessemer venture partnersGeneral catalystIris capitalBoston based shift technologyGenerali franceShift technologyபிரான்ஸ் ஜநரல்மிட்ஸ்யூயீ ஸூமிடோமொகூட்டணி எதிராக காப்பீடு மோசடி