Jérémy Jawish is co-founder and CEO of Shift Technology. The company was founded in Paris in 2014 to apply machine learning to insurance claims, a field where suspicious cases were largely checked by hand.
Its pitch was that only about 15% of fraud cases were ever caught. The FORCE platform scores each claim against patterns learned from hundreds of millions of past claims.
Money came in steps. Accel led a $10 million Series A in 2016, followed by a $28 million Series B with General Catalyst in 2017 and a $60 million Series C led by Bessemer Venture Partners in 2019. That year Shift joined the Next40 list of French tech companies.
In May 2021 Shift raised a $220 million Series D led by Advent International with Avenir. It valued the company above $1 billion and made it France's 13th unicorn. In 2022 it signed a partnership with Sapiens and added former US health regulator Seema Verma to its healthcare advisory board. By then it worked in 25 countries.