Bdeo, automating claims with AI and blockchain

Bdeo has raised €2.2M in total. We talk with Julio Pernía Aznar, its CEO.

PetaCrunch: How would you describe Bdeo in a single tweet?

Julio Pernía Aznar: Bdeo is revolutionsing the insurance industry with AI and Blockchain to automate claims and underwriting.

PC: How did it all started and why?

JPA: Bdeo co-founders were serial entrepreneurs and founded other SaaS products in the insurance industry. We saw a great opportunity to improve the claims adjusters work with video technology. That was the beginning of the journey, in 2018 we started developing an AI algorithm to add intelligence to the visual channel. Today Bdeo is a visual intelligence platform which automates claims and underwriting processes.

PC: What have you achieved so far?

JPA: We were able to grow 500% in two different markets at the same time in just 12 months. Our team went from 4 to 20 people and we are working with the most important insurers in the countries we are working like Spain, Portugal or México.

PC: How will you use your recent funding round?

JPA: We are growing the sales team and the product team to be able to keep growing in different countries and being able to provide an outstanding experience to the insureds. Our main markets are Europe and Latam so we need to hire people in several continents at the same time.

PC: What do you plan to achieve in the next 2–3 years?

JPA: We expect to scale the company globally being able to automate every business process which needs a visual inspection with AI and video. We aim to change the perception of the claim itself for both customers and insurers.