Latin America has natural resources, a technical workforce and a growing investor base, and companies working in artificial intelligence, biotechnology, cleantech, cryptography and robotics are already selling into global markets.

According to the Deep Tech: The New Wave report by the IDB, there are over 300 deep tech companies throughout Latin America, valued at over $8 billion throughout LAC1:

Below are ten of the most important deep tech companies in Latin America.

Bioceres (Argentina): Biotech | Valued at $370 Million

Bioceres sells patented seed technologies, microbial agricultural inputs and next-generation crop nutrition and protection, all aimed at lower-impact production.

Bioceres has over $460 million in annual revenue2, with an 11% growth YoY. Bioceres has a market capitalization of over $400 million.3

Satellogic (Argentina): Satellites | Valued at $125 Million

Satellogic is creating the first scalable Earth observation platform capable of remapping the entire planet with both high frequency and high resolution.

Satellogic’s most recent funding round was a $30 million Note Purchase Agreement with Tether Investments, to double down on its U.S. strategy.4

Kavak (Mexico): AI & Automotives | Valued at $8.7 Billion

Although not strictly deep tech, Kavak applies advanced algorithms to improve the used car market. It optimizes pricing, quality assessments, and financing options, making car ownership accessible and efficient​.

Since its inception, Kavak has raised over $1.5 billion from the likes of SoftBank, Ribbit Capital, Tiger Global, Goldman Sachs, General Catalyst, among other leading global investors.5

Aligned Layer (Argentina): Cryptography & Blockchain | Valuation Unknown

Aligned Layer, an Ethereum verification protocol enhancing the efficiency and affordability of zero-knowledge proofs, enabling engineers to bypass bottlenecks and cost-effectively develop applications on Ethereum using this technology, reducing the cost of verifying zero-knowledge proofs by 90%

Aligned Layer raised $20 million in Series A funding led by Hack VC.6

Solinftec (Brazil): AgTech | Valued at ~$200 Million

Solinftec specializes in digital agriculture solutions, integrating real-time data collection with artificial intelligence to optimize farming operations. It is used to run planting, harvesting and resource management more efficiently.

Solinftec serves major agribusiness groups and has expanded its operations to the United States and Canada.7

Establishment Labs (Costa Rica): Healthtech | Valued at $1 Billion

Establishment Labs is a medical technology company specializing in the design, development, manufacturing, and marketing of silicone gel-filled breast implants under the Motiva Implants brand.

Establishment Labs has raised over $100 million to date.8

Auth0 (Argentina): Cryptography | Valued at $6.5 Billion

Auth0 is a platform that enables companies and web developers to verify user identities before granting access to websites and applications.

Auth0 raised from Salesforce Ventures, Sapphire Ventures, Bessemer Ventures, among others. Auth0 was acquired by Okta a few years ago.9

NotCo (Chile): AI & Biotech | Valued at $1.5 Billion

NotCo uses artificial intelligence to create plant-based food alternatives that mimic animal-based products. Its algorithm, Giuseppe, develops recipes from natural ingredients. NotCo has secured funding from investors like Jeff Bezos and raised $235 million in Series D funding.10

Unico (Brazil): Digital Identity | Valued at $2.6 Billion

Unico is a Brazilian company specializing in digital identity solutions, offering services such as facial biometric authentication and digital human resources management. Their technology addresses security challenges by providing anti-fraud measures and facilitating digital onboarding processes.

In April 2022, Unico raised $100 million in a Series D funding round led by Goldman Sachs, with participation from SoftBank and General Atlantic, bringing its valuation to $2.6 billion.11 The company plans to expand across Latin America.

Decentraland (Argentina): Metaverse & Blockchain | Valued at over $1 Billion

Decentraland is a blockchain-based virtual reality platform where users can create, explore, and trade in a virtual world owned by its users. Utilizing Ethereum's blockchain, Decentraland allows for decentralized governance and economic systems, It was one of the earliest metaverse projects, and drew attention and money accordingly.

Decentraland raised over $25M in an Initial Coin Offering, followed by a $25 Million round led by Animoca Brands.12

These ten are a sample. Fintech and e-commerce still take most of the investment in the region, and deep tech is what widens it. Whether that continues depends on R&D funding and the policy behind it.

They show what the region’s scientific and entrepreneurial talent produces once it is funded. Coming posts on the LADP blog will profile companies sector by sector.

The flagship report now covers this ground in full: Accelerating Deep Tech in Latin America. Download the PDF here, or browse the open findings.