Bdeo specialises in Visual Intelligence for the insurance and fleet industries. Its AI-powered Visual Intelligence solution integrates into insurer operations to remotely assess damage to vehicles and homes, accelerating claims and underwriting processes. The technology is designed to optimize and automate processes for insurance and fleet management companies. The company works with more than 50 insurers, including Reale, Mapfre and Generali in Spain; Ageas and Fidelidade in Portugal; Zurich, Allianz and BBVA in the Latin American market; and Hollard in South Africa. Bdeo has offices in Mexico, Spain, France, the UK and Italy. Led by CEO Julio Pernía, the company plans to use new funding to accelerate international expansion and strengthen its position across Europe and Latin America. Bdeo develops AI-powered tools that digitize the interaction between insurance companies and policyholders, covering automatic policy subscription and digitalization of claims management with automatic damage detection. The company is led by CEO Julio Pernía and has offices in Spain and Mexico. Bdeo closed a €5m Series A to support its growth and market consolidation. It plans to use the funds to consolidate its position in the markets where it currently operates, namely Spain and Latin America. Current investors include K Fund and Big Sur Ventures, who previously invested €1m in Bdeo’s 2019 seed round. The product and expansion focus target insurers seeking end-to-end digital insurance workflows. Bdeo offers a visual intelligence platform that digitises the processes of purchasing an insurance policy and registering a claim by using video-calling technology to collect documents and evidence. The company says its product has been developed and is already seeing successful implementation in Europe and Latin America. Clients named in the article include Mutua Madrileña and Zurich in Spain, Fidelidade in Portugal, and BBVA Bancomer in Mexico. Bdeo raised €1 million in funding to strengthen its existing team and support growth. The stated goal for the round is to consolidate the company in the markets where it already operates and to position itself as the leading visual intelligence solution for conducting business. The article identifies the company as Madrid-based and quotes CEO and co-founder Julio Pernía Aznar on growth plans.

Total raised

$15M

Funding rounds

3

Latest round

Equity

Latest activity

Jun 2023