“We can reduce a video campaign’s costs by up to 80%. For any video campaign done by any company, we can reduce their cost by 50 up to 80% thanks to our technology”, stressed Diego Rayón, Biddeo’s CCMO.
Biddeo is Kimia Group’s video advertising campaign optimization company, and Diego has been its CCMO almost since the very beginning, three years ago. Before joining us, he had vast experience working as Marketing Director for companies like 20th Century-Fox, Sony Pictures, and Universal Pictures.
“Actually, I was still working at 20th Century-Fox when I met Charly Molina [Kimia’s current CINO] at a business fair. He came to me as a provider and I was his client. We ended up working together and becoming friends. So when I told him I was leaving the movie industry, he recruited me for Kimia to start what today is Biddeo”, shared Diego.
So how was that beginning? You went from one side of the movie industry to the other.
I did. But it was like starting any other company, with a small team, except this time we had a technology that we knew worked well.
The thing was that I started on a Monday and the next Monday they put us under lockdown because of the pandemic. That was obviously bad from a business perspective, but it was very good to keep developing and refining our technology. We took advantage of the situation.
What makes Biddeo’s tech so good?
We can reduce a video campaign’s costs by up to 80%, which I think speaks for itself. And, I mean, the technology is great and it does its job, but we can’t rely only on what it does, or else we won’t grow. The key to our success is that we’re constantly improving it.
Now we’re developing LAIA, a video content recognition system. It’s a brand suitability tool, that monitors and recognizes video content to classify it, which later is confirmed by human verification, to guarantee a safe ad hoc environment for each brand.
So if a brand tells us, for example, that they don’t care how much their campaign will cost, reducing costs isn’t necessarily what they’re looking for, but they want to reach, specifically, a male audience of 25 to 35 years old, who likes cars and lives in Murcia [a region of Spain], and they don’t want their campaign showing up as an ad in any video that isn’t car-related. LAIA will be able to do that, to offer this almost surgical segmentation so that ads are placed where they are most effective and impact the right audience, shielding brands from having them appear in inappropriate content.
We have it under development already and we want to make it operational in march of this year.
Speaking of this year, what goals does Biddeo have?
Well, apart from LAIA, we want to keep pushing our internationalization process. Now we have an office in Italy and we plan on start operating very very soon in Miami, to reach the LATAM market. And, obviously, we want to continue expanding in Spain.
Also, we’re trying to get brand safety and brand suitability certifications. These actually are things we’re already doing, and it’s what LAIA is all about, but we want to get special certifications to really boost our tool.
And things are already working out for us! The year has only just begun and we’re already members of IAB Spain’s online video commission, and collaboration partners of AEA, the Spanish Association of Advertisers [a World Federation of Advertisers’ associate].
somos miembros de la comisión de video online de la IAB y socio colaborador de la asociación española de anunciantes?
Those are some bold goals and big changes, Biddeo is such a fast-growing company considering it’s only three years old…
Yes, in 2022 we actually grew 300% compared to the year before.
To what do you attribute those impressive results?
Honestly, there are two things that set us apart from everyone else: our technology, which allows scalability and is led by Alvaro Salinas, our CTO; and our service, led by Laura Ibañez, Lead Account Manager.
What clients want to see is that there is someone behind the tech providing them with a service, assisting them, answering their questions… They want follow-up reports, they want people who can catch any problems, and make changes and adjustments. And our differential is that we combine both things.
We take it very seriously, too. We have a Customer Service manual that every new person that joins Biddeo has to read because we want to standardize our service. We have a series of protocols that we adopt so that the client always knows what to expect from us.
So, considering everything, what makes you passionate about Biddeo? Which part of it do you enjoy the most?
Building a company from the ground up is always exciting, and so is its internationalization, and then there’s the bittersweet aspect of working with a digital business that not everyone enjoys: it never stops changing. Technology is constantly evolving and if you don’t adapt, don’t search for something new, you won’t make it. I, particularly, find that thrilling.
Until COVID hit, nothing had changed in the movie industry’s business model for the past 100 years. The only difference was that they used to “print” movies in roll films to then distribute them, and then they started distributing digital copies instead of physical rolls. The rest stayed the same. And this is nothing like it.
You start the business working on things you think you need and then new needs come along and you have to adjust. That’s very cool.
If want to know more about Biddeo, check out their website. Follow them on social media to get in on their latest updates!