Bloomberg Línea — Investment in Latin America, whether by private equity, venture capital, or through mergers and acquisitions, decreased by 20% to 1,757 deals to end-July, according to TTR Data.

Private equity transactions fell by 23% to 92 throughout the region, while venture capital deals dropped by 32% to $2,2 billion across 515 transactions. However, one sector that continues to attract investors attention is artificial intelligence. This week, Tractian and Fintalk, startups that use technology as their core business, received investments.

Tractian

Brazilian startup Tractian received $50 million in a Series B round led by General Catalyst. The predictive monitoring and maintenance company has developed a set of hardware and software solutions to help industrial workers better track their operational and maintenance plans on machines, facilitating access to real-time monitoring and decision-making in the face of unexpected equipment failures.

From 2022 to 2023, Tractian doubled its client base in Mexico, Brazil and the United States, reaching over 500 multinational clients, such as Grupo Bimbo, La Costeña, Johnson Controls, Avon and Clarios. Tractian reported experiencing over fourfold growth in its revenue between 2022 and 2023.

Source: Bloomberg Línea