What Bdeo does

Bdeo (legal entity BDEO TECHNOLOGIES S.L.) is a Madrid-based software company founded in 2016 that provides a Visual Intelligence platform for the insurance and fleet industries. The platform uses proprietary computer vision algorithms applied to images and video captured via smartphone to detect and assess damage to vehicles and homes, generate repair cost estimates, and recommend next steps in the claims workflow. Core products cover motor claims management, motor policy underwriting, home claims management, and fleet status monitoring, with feature-level additions SmartVideo (video-based assessment) and Visual Estimate (automated cost quantification).

The company operates a B2B enterprise SaaS model, selling primarily to insurance companies and fleet operators (leasing, renting, rent-a-car) on annual subscription contracts with quote-based pricing accessed via a 'Request a Demo' sales motion. Customer logos include Mutua Madrileña, Hollard, Zurich Ecuador, and Zurich Mexico, and the company reports working with 50+ insurers and 60+ companies across 25+ countries. Bdeo holds four security and data-protection certifications (ENS, ISO 27001, ISO 27017, ISO 27018) and runs its infrastructure on AWS across Irish and Frankfurt regions. Cumulative funding is approximately $15.5 million across six rounds, with the most recent being a €7.5 million round in June 2023 led by Armilar, Hollard, CDTI, and Íope Ventures and earmarked for international expansion in Europe and Latin America.

Name

Bdeo

Legal name

BDEO TECHNOLOGIES S.L

Website

https://bdeo.io

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

51–100 employees

Short description

Bdeo is a Madrid-based Visual Intelligence SaaS company that uses computer vision to automate motor and home insurance claims, underwriting, and fleet vehicle assessments for insurers and fleet operators across 25+ countries.

Ownership category

akta.pro rank

Product category

Insurtech Software

NAICS

Claims Adjusting (524291), Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)

SIC

Insurance Agents, Brokers & Service (6411), Services-Computer Programming Services (7371)

akta.pro primary industry

Claims Management & Digital FNOL Platforms (FSAGAGAC)

akta.pro secondary industries

Fraud, Waste & Abuse (FWA) Detection & SIU Support (BPAAAFAH), Accident/Incident Management & Claims Administration (FNOL, Subrogation) (TLABAIAF), Claims Administration & TPA Services (FNOL, Subrogation, Litigation Mgmt) (TLABANAH)

Keywords

• Visual intelligence software
• Insurance claims automation
• Damage assessment AI
• Fleet management software
• Policy underwriting automation

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Subscription for Insurance Companies: B2B SaaS model providing Visual Intelligence solutions to insurance companies on a subscription basis. The technology is offered to motor insurers, home insurers, and fleet management companies for claims management and policy underwriting processes.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels8 records

Core offering

Bdeo sells a Visual Intelligence SaaS platform that uses computer vision algorithms to detect and quantify vehicle and property damage from images and video captured via smartphone. The platform is delivered to insurance carriers (motor and home lines) and fleet management operators (leasing, renting, rent-a-car) to automate claims management, policy underwriting, and fleet status monitoring. Quantified outcomes include reducing claims management from 3 weeks to 5 days, inspection from 5 days to 5 minutes, repair costs by up to 16%, and fraud detection up to 15%.

Product overview

Bdeo offers a Visual Intelligence platform for the insurance industry comprising four core products: Motor Claims Management for auto insurance damage assessment, Motor Policy Underwriting for AI-assisted policy subscription, Home Claims Management for property insurance claims, and Fleet Management for vehicle fleet operators. The platform uses computer vision AI to analyze images and videos captured via smartphone, detecting and evaluating damage to vehicles and homes. Key features include SmartVideo for video-based assessment and Visual Estimate for automated cost estimation. The products work together to optimize insurance processes from policy subscription through claims management, reducing processing times from days to minutes and cutting costs significantly.

Differentiator

Problem solved

Functional benefit

Products and services

• Motor Claims Management (Gestión de Siniestros de Autos) Computer-vision-based motor claims management solution for auto insurers that enables remote vehicle inspection via smartphone, automated damage detection, and cost estimation. Reduces claims handling from 5 days to 5 minutes per assessment.
• Motor Policy Underwriting (Suscripción de Pólizas) AI-driven motor insurance policy underwriting solution that performs automated vehicle assessment at new-business stage, reducing direct subscription costs by up to 70%. Deployed by Mutua Madrileña as its first AI system for motor underwriting automation.
• Home Claims Management (Siniestros de Hogar) Computer-vision-based property claims management solution for home insurers that enables resolution of compensable claims without physical adjuster visits, using image-based damage assessment to reduce cycle times.
• Fleet Management (Gestión de Flotas) Fleet management software that maintains real-time vehicle fleet status for leasing, renting, and rent-a-car operators, using image-based AI damage assessment to monitor vehicle condition and accelerate fleet turnover.
• SmartVideo Video-based vehicle damage assessment solution that allows insurers to evaluate claims through smartphone video capture. Used by Zurich Mexico to reduce appraiser claim handling time by 50% and cut repair centre authorization time from 24 hours to 5 hours.
• Visual Estimate AI-powered damage quantification technology that calculates repair and replacement costs for vehicles from image capture, deployed by Hollard to improve policyholder experience while saving time and costs.

Quantifiable outcome

• Reduces claims management from 3 weeks to 5 days
• +6 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature4 records

Partnerships

One partnership is on record.

• AWS (Amazon Web Services)coreTechnology or IntegrationCloud infrastructure provider. Bdeo hosts services on AWS servers in Ireland with backup mirror in Frankfurt for high availability and disaster recovery.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Claim Genius: AI-powered vehicle damage estimation platform for auto insurers and claims processors. Directly overlaps with Bdeo's motor claims and SmartVideo-style video assessment value proposition.
• WeProov: Mobile-first visual inspection platform for vehicles and infrastructure, used by insurers and fleet operators. Comparable on the smartphone-captured image workflow but with a smaller customer footprint.
• Inspektlabs: AI vehicle inspection and damage assessment technology for insurers, leasing, and rental fleets. Closely comparable to Bdeo on the visual-AI damage assessment capability, particularly for motor and fleet use cases.

Direct peers

• ControlExpert: European claims management and digital automotive expertise provider. Strongly comparable given Bdeo's European focus and shared positioning in auto claims automation and damage assessment.
• Tractable: Tractable is the most direct competitor: AI-powered visual damage assessment for auto and property insurance claims. Both companies sell computer-vision SaaS to insurance carriers for FNOL/claims workflows.
• Snapsheet: Cloud-based claims management platform for auto insurers with appraisal, photos, and settlement workflows. Targets the same insurance carrier buyers as Bdeo with claims automation technology.

Broad incumbents

• Verisk: Major insurance data, analytics, and claims technology vendor serving P&C insurers. Provides overlapping claims workflow and fraud detection capabilities as part of a much wider insurance intelligence platform.
• Mitchell International: Provider of technology, connectivity, and information solutions to the auto insurance and collision repair industries. Competes with Bdeo in the auto claims and estimating workflow.
• CCC Intelligent Solutions: Large incumbent provider of claims, estimating, and workflow software to the P&C insurance industry. Overlaps with Bdeo in auto claims automation but offers a much broader portfolio spanning estimating, repair networks, and analytics.
• Solera Holdings: Global provider of risk and asset management software for the automotive and insurance ecosystem. Touches claims, estimating, and fleet workflows and competes at the broader platform level with Bdeo's motor and fleet offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/bdeo_app
• LinkedInlinkedin.com/company/bdeo

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds6 records

Investors10 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bdeo