Bdeo
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.
- Company typePrivate
- Founded2016
- HeadquartersMadrid, Spain
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
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.
Bdeo firmographics
Firmographics- 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
Bdeo industry classification
Industry- 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
Where Bdeo is headquartered
LocationHeadquarters
- HQ city
- Madrid
- HQ country
- Spain
- HQ region
- Europe
Offices2 records
Markets served
Bdeo business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- 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
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise SaaS pricing for insurance companies |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels8 records
Bdeo product offering
Product offeringCore 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
Companies that use Bdeo
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
Bdeo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature4 records
Bdeo partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- AWS (Amazon Web Services)coreCloud 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
Bdeo competitors and assessment
Company assessmentEmerging 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
Bdeo social profiles
Digital presenceBdeo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bdeo leadership team
Management profileNumber of profiles
Profiles3 records
Bdeo funding detail
Funding detailFunding overview
Funding rounds6 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bdeo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bdeo
What does Bdeo do?
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%.
Is Bdeo a public or private company?
Bdeo is a private company. It is classified as venture growth investor backed and is currently operating.
When was Bdeo founded?
Bdeo was founded in 2016. It employs 51 to 100 people.
Where is Bdeo based?
Bdeo is headquartered in Madrid, Spain, in the Europe region.
How does Bdeo make money?
One revenue line is on record: saaS Subscription for Insurance Companies.
Who are Bdeo's main competitors?
Emerging players on record are Claim Genius, WeProov and Inspektlabs. Direct peers are ControlExpert, Tractable and Snapsheet. Broad incumbents are Verisk, Mitchell International, CCC Intelligent Solutions and Solera Holdings.
Does Bdeo have an API?
No public API is recorded for Bdeo.
What industry is Bdeo in?
Bdeo's product category is Insurtech Software. Its primary akta.pro industry code is FSAGAGAC, Claims Management & Digital FNOL Platforms, with a secondary code of BPAAAFAH, Fraud, Waste & Abuse (FWA) Detection & SIU Support. Its NAICS code is 524291 and its SIC code is 6411.