There is money flowing into startups leveraging it to tackle real-world problems anywhere in the world, including in Latin America, but also in Africa. the two newly minted Latin American AI unicorns in Q3 were NotCo, a food tech company, and Unico, a digital ID provider.
Venture capital firms Seaya Ventures and Cathay Innovation have created a joint fund aimed at startups across Latin America that are redefining their industries and society. The team’s first investment was made in September when it went in on Chilean fintech Xepelin’s $230 million round. As solo firms, both have been active in the region making other investments in Mexico’s Kueski and Lana, Brazil’s Facily and alt.bank, and Colombia’s RobinFood and Chile’s Fracttal.
South African tech talent marketplace OfferZen which is one of the beneficiaries of the growing global demand for tech workers, has raised €4.5 million ($5.07 million) in Series A funding from South African investment company Base Capital.
It barely feels like news when industry giants add AI features, since that’s what they’re expected to do. But lots of people use their products, so their announcements are probably of higher interest than most. With that in mind, let’s note that Adobe has just announced general availability of agents for audience creation, journey orchestration, experimentation, journey insights, website optimization and agent support.