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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, with participation from Avenir and others. Previous Series C participants Accel, Bessemer Venture Par...

ADVERTISEMENT ADVERTISEMENT Insurtech Biz Shift Valued At $1B In Series D Round Law360 (May 6, 2021, 2:36 PM EDT) -- Dechert-guided insurance software provider Shift Technology said Thursday it's now valued at more than $1 billion following a $220 million Series D funding round led by Weil-advised Advent International and will use the proceeds to invest in its research and development to expand geographically and in the types of products it supports. Paris-based Shift said it's raised $320 million in total investments and will continue to grow in Europe, Asia and especially the U.S., where i...

Sprout.ai raises $11m Series A led by Octopus Ventures to apply AI to insurance claims It was way back in 2018 that Omni:us appeared to disrupt the insurance market by applying AI to this most legacy of all industries. It has now gone on to raise $44.1 million. In a similar vein, Shift Technology in France has raised $100 million. Now a UK startup aims to do something similar, but this time it will be coming out of the key market of the UK, where the insurance industry is enormous. Sprout.ai is an insurtech startup that use AI to help instance companies to settle claims within 24 hours. It’...

Insurance Fraud Bureau signs 'landmark partnership' with Shift Technology to build fraud detection system for UK insurance industry - IFB's new system will launch in early 2022 and will use Artificial Intelligence (AI). - With technology and fraud evolving faster than ever, the IFB and Shift's partnership is set to be a game-changer in helping to detect and prevent organised insurance fraud. News provided by Share this article Share this article LONDON, April 27, 2021 /PRNewswire/ -- The Insurance Fraud Bureau (IFB) has today announced a partnership with Shift Technology to build a powerful, ...

This report on the global "Insurtech Market” guarantees a fortune of data on a plenty of development opportunities in the market. The examinatio