Boston and Paris based AI-driven fraud detection platform for insurance carriers has raised a $60m Series C led by Bessemer.
This new funding will support continued evolution of Shift's fraud detection solutions and enable the company to accelerate product development focused on automating the entire claims process for carriers and their customers. Shift will provide a claims automation solution that mitigates the increased fraud risks and other unique challenges of high‑volume, low-touch claims analysis. This will enable carriers to provide an exceptional customer experience by confidently delivering straight through processing at greater scale than previously possible. AXA Spain, a long-time Shift client and early adopter of the company's solutions, is already benefiting from Shift's innovations in the claim automation space.