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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 participated in the round. The company has completed three funding rounds in less than a year, raising $120 ...

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&D) work in the implementation of new solutions to cater to innovative decision automation and optimi...

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. ...

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 […]