Bdeo, a Madrid, Spain-based technology company providing visual Intelligence for the insurance and fleet industries, raised additional €7.5M in funding.
The round saw participation from Armilar, Hollard, The Centre for the Development of Industrial Technology (CDTI), Íope Ventures and existing investors K Fund and Blackfin.
The company intends to use the funds to accelerate its international expansion and strengthen its position across Europe and Latin America.
Led by CEO Julio Pernía, Bdeo specialises in Visual Intelligence, a specific type of Artificial Intelligence that optimizes and automates processes for insurance and fleet management companies. The AI-powered Visual Intelligence solution, which integrates into insurer operations, remotely assesses damage to vehicles and homes to accelerate insurance claims and underwriting processes.
The company works with more than 50 insurers such as Reale, Mapfre and Generali in Spain, Ageas in Portugal, Fidelidade in Portugal, Zurich, Allianz and BBVA in the Latin American market, and Hollard in South Africa, and has offices in Mexico, Spain, France, the UK and Italy.
FinSMEs
29/06/2023