Elsys Group, a renowned Brazilian technology company with 35 years of experience, today announced a strategic investment in dtLabs, a startup specialized in the development of advanced Artificial Intelligence (AI) solutions. This milestone represents the first contribution of the Elsys Group in a software company, acquiring significant participation in dtLabs.
While the value of the investment has not been disclosed, the partnership stands out for two crucial features: dtLabs will maintain its operational independence, with the support of the Elsys Group, and there are plans to further strengthen collaboration in the medium term, with the Elsys Group signaling interest in increasing its investment in the coming years.
The transaction, advised by Ace Advisors, combines Elsys“ strong presence in the domestic market with dtLabs” expertise in AI software development.Otavio Pimentel, Partner at Ace Advisors, highlights: “This investment demonstrates the potential of the Brazilian innovation ecosystem, creating a technological powerhouse capable of competing globally in the AI market”
DtLabs, founded by Ricardo Achilles and Brenno Caldato during their research at the Universidade Estadual Paulista (UNESP), will focus on the development of new solutions in computer vision, video-analytical processing and edge computing. Ricardo Achilles, co-founder of dtLabs, comments: “The partnership with Elsys will allow us to scale our custom AI solutions, maintaining our operational independence and expanding our national presence.”
Currently, 90% of dtLabs customers are international, a factor that influenced the decision of Elsys.Damian Zisman, CEO of Elsys Group, states: “This investment is a milestone in our strategy of growth in solutions for the corporate market in Brazil and drives our internationalization.We are committed to positioning Brazil as a global player in the development of AI.”
The partnership promises to positively impact sectors such as agribusiness, retail, security, logistics, smart cities, industries and mining, among others, offering integrated hardware and software solutions for complex challenges.
