Bdeo

Bdeo is a Spanish startup that provides visual intelligence to the insurance sector. Their set of solutions, based on video and artificial intelligence, help manage property damage. Their product is available in Europe and Latin America.

Bdeo provides users with an application, through which the user has access to scheduled video experiences and the possibility to request them on demand. Through a geo-localised video call, Bdeo connects a policyholder with an expert through their mobile application, so that they can carry out various services such as policy subscription and the valuation of the damages in a few minutes, and without the need for displacement. Using an Artificial Intelligence engine, it treats documentary evidence autonomously with the aim of preventing fraud and cutting costs.

Bdeo, which has a presence in 20 countries and has partnerships with 35 insurance companies. The company’s main clients in Spain include Mapfre, Mutua Madrileña, Zurich, AXA, Reale, and others.

In addition to the app, Bdeo offers the possibility of sending an SMS with a simple link to the video-observation session without the need for previous registrations or downloads.

In November 2020, Bdeo raised a €5m Series A. The new funding will be used to help consolidate Bdeo's position in its current markets, and further expand into Europe.

In May 2021 Bdeo launched a new product focused on property insurance claims automation, which aims to reduce the number of people involved in the claims process by half.

In January 2022 CAB Group forged a strategic partnership with Spanish scale-up Bdeo, enabling its Nordic customers to benefit from Bdeo's visual intelligence platform. Policyholders will be able to gather evidence of motor and home insurance claims by uploading images and videos, which are then analysed by Bdeo IV's engine. The collaboration will enable CAB to more efficiently handle the 1M+ claims it receives annually. 

During February 2023  announced over half of car insurance policies in Spain are now processed using the company’s automated technology. Recent growth has helped the company to expand its presence to Latin America, Africa and other European countries. 

In June 2023 it secured €7.5m in Series B funding.  The company is using the fresh funds to strengthen its market position in Europe and Latin America.