Shift Technologies, a Paris, France-based insurtech startup, raised $10m in Series A funding.
The round was led by Accel, with participation from existing investors Elaia Partners and Iris Capital.
The company intends to use the funds to hire new people, continue to develop the platform and expand operations.
Led by CEO Jeremy Jawish, Shift Technology provides insurance companies with a SaaS-based platform to improve and scale fraud detection through quantitative and qualitative analysis. The solution’s algorithms are tailored to reproduce fraud handlers’ deductive reasoning allowing claim handlers to make investigations and save money.