Anapi vs Sift

Sift has a disclosed valuation of $1B, while Anapi's valuation is not publicly available, making a direct size comparison difficult. Sift employs 400 people.

Sift has raised $162M in disclosed funding across 5 known rounds. Anapi's funding history is not publicly available.

Sift holds the higher Awaira Score at 61/100, compared to Anapi's 30/100. The Awaira Score is a composite metric factoring in valuation, funding, stage, team size, and market presence — a 31-point gap that reflects meaningful differences in scale or traction.

Anapi was founded by Raunak Mehta in 2018. Sift was founded by Jason Tan in 2011. Visit each company's profile on Awaira for a full founder biography.

Anapi: Anapi develops AI insurance underwriting automation for specialty and commercial lines, building machine learning tools that assist underwriters in risk assessment, pricing, and portfolio management by analysing structured and unstructured risk data to generate automated risk scores and flag underwriting considerations. The Singapore company targets insurance companies and managing general agents operating in Asia-Pacific markets seeking to modernise manual underwriting workflows.\n\nThe company is early stage with seed funding from Singapore-based technology investors and insurance industry angels. Anapi operates in the insurtech AI space, applying natural language processing to insurance submission documents and risk data to extract relevant risk information and compare it against historical loss experience to support more consistent and data-driven underwriting decisions.\n\nAnapi competes in the AI underwriting market alongside Cytora, Planck, and Cape Analytics, as well as the AI underwriting tools built by major reinsurers including Swiss Re and Munich Re. The commercial insurance underwriting process involves substantial manual document review and individual underwriter judgment that AI can augment through automated data extraction and risk pattern recognition. The Asia-Pacific commercial insurance market is growing rapidly as economic development increases demand for specialty covers in markets where insurance penetration has historically been lower than in Europe and North America. Sift: Sift is an AI-powered fraud prevention and digital trust platform founded in 2011, headquartered in the USA. The company specializes in identifying and preventing fraudulent transactions, account abuse, and payment fraud for digital commerce businesses. Its core platform uses machine learning algorithms to analyze user behavior patterns, transaction data, and device information in real-time, enabling merchants and financial services companies to distinguish between legitimate and fraudulent activity. Sift's primary products include fraud detection APIs, chargeback management tools, and account abuse prevention systems. The platform processes billions of transactions and events annually, building predictive models from this data to improve detection accuracy over time. The company serves e-commerce platforms, payment processors, financial institutions, and subscription services globally. With $162M in total funding and a $1.0B valuation, Sift operates at Series E stage, indicating substantial market traction and investor confidence. The company competes in the broader fraud prevention and fintech security sector alongside players like Stripe Radar, PayPal's fraud tools, and specialized fraud detection vendors. Its competitive positioning centers on machine learning sophistication, real-time processing capabilities, and integration flexibility for digital commerce ecosystems. Sift has maintained consistent growth since its inception, expanding its customer base and product capabilities to address evolving fraud threats in digital commerce environments. Sift combines behavioral analytics with machine learning to provide real-time fraud detection at scale for digital commerce platforms.

Sift was founded first in 2011, giving it 7 years of additional market experience. Anapi was founded later in 2018. In AI, even a year or two of head start can translate into significantly more training data, customer relationships, and institutional knowledge.

Anapi has approximately 1-50 employees, while Sift has approximately 400. A larger team often signals higher revenue or venture backing, but in AI, smaller teams are increasingly capable of building at scale.

Yes, Anapi and Sift are direct competitors — both operate in the AI Finance space and likely target overlapping customer segments. This comparison is especially relevant for buyers evaluating both platforms.