Paris startup Shift Technology raises million to help insurers fight fraud with artificial intelligence

Shift Technology, a software-as-a-service (SaaS) platform that leans on artificial intelligence (AI) to help companies combat insurance fraud, has raised $10 million in a round led by Accel, with participation from existing investors Iris Capital and Elaia Partners. Founded out of Paris in 2013, Shift Technology uses machine learning smarts to combat insurance fraud using what it calls a “decision support platform” which automates the process of detecting fraud, and helps humans prioritize cases to follow-up on accordingly. In addition to using big data to highlight spurious claims, Shift Technology’s tools also explain the kind of fraud that’s likely involved, and points to specific facets of a claim that are worth exploring further. As with most machine-learning systems, Shift Technology promises to improve over time through tapping user feedback and…


Link to Full Article: Paris startup Shift Technology raises million to help insurers fight fraud with artificial intelligence