So check this out, my friends. We got some big moves happening down in Argentina. We got this guy, the economy minister and campaign superstar Sergio Massa, right? And he’s out here cutting the ribbons on an artificial intelligence cluster in Mar del Plata. Now, what’s the deal with this cluster, you ask? Well, it’s all about promoting knowledge exchange and research in AI, and how it can be applied in productive sectors. It’s all about boosting that economy, people!
Now, Massa, he’s got a vision for this. He’s saying that Mar del Plata, with its industries, services, fishing, and oil services, is gonna need some serious human capital to keep up with how AI is gonna change the game. And let me tell you, my friends, it’s a press release, so you know he means business!
But that’s not all, folks. During this epic event, they announced that the government and state telco Arsat are teaming up to get around 900 small and medium-sized businesses and start-ups on board as customers. They’re talking cloud services and all that good stuff. It’s like a tech revolution happening right before our eyes!
Now, moving on to Brazil. We got this fintech called QI Tech, making headlines with a massive investment. We’re talking 1 billion reais, my friends. That’s a whopping 200 million dollars! This investment, led by the US fund General Atlantic, is gonna help QI Tech expand their technology infrastructure and offer even more financial services. They’re thinking about an IPO too, so you know they got big plans. They’re on a whole other level!
And let’s not forget about Latin America’s corporate investment fund Kamay Ventures. They got the big guns joining their crew in the form of Mexico’s Grupo Bimbo, a major food company. This partnership is gonna bring in some serious innovation to Latin America’s economy, my friends. Kamay Ventures is all about investing in projects that contribute to social, economic, and environmental development. They got their eyes on all things digital commerce, fintech, IoT, and more. It’s gonna be a game-changer, no doubt!
But wait, there’s more. The IDB Invest is stepping up in a big way, my friends. They just made a 5 million dollar equity investment in Nazca C-Fund I. This is gonna support the growth potential of Nazca’s venture capital funds and help out those tech-enabled companies across Latin America and the Caribbean. We’re talking unicorns, people! Nazca is a serious player in the venture capital scene, and this investment is gonna take them to the next level.
And finally, Brazil’s Food To Save is making waves in the startup world. They just raised 14 million reais in a seed round! This startup is all about eliminating food waste and expanding their business all across Brazil. They’re partnering up with big names like Ambev, Nestlé, and Unilever. They got over 2 million orders on their app, tripled their revenue, and saved their users millions of reais. It’s a win-win for everyone!
But hey, the innovation doesn’t stop there, my friends. We got Uruguay’s Newlab out here doing some incredible things. They’re teaming up with an Israeli firm for cargo systems, exploring AI solutions with 35 companies, and expanding in EV study initiatives. This public-private alliance is all about energy, mobility, logistics, and more. They’re bringing in some heavy hitters like MercadoLibre and Globant. It’s a force to be reckoned with!
And last but not least, Brazil’s ERP software group Totvs is making moves. They just acquired the TOTVS Interior Paulista franchise for a cool 138 million reais. They’re expanding their empire, people!
So there you have it, my friends. The latest and greatest in the world of tech and business in Latin America. It’s an exciting time to be in the game, and these movers and shakers are leading the way. Stay tuned for more updates, and keep on hustling!