What has Latin American deep tech already built? In Accelerating Deep Tech in Latin America we profiled fourteen companies across Argentina, Brazil, Chile, Costa Rica, Mexico and Uruguay. In this post we walk through the fourteen: what each makes, who funded it, how mature the technology is, and what the set tells a founder, an allocator or a ministry.

Two things stand out before any single profile. The first is maturity: eleven of the fourteen are recorded at TRL 9, technology proven in an operational environment, our own count off those pages rather than an outside dataset. The second is composition: biotechnology was 61% of Latin America’s deep tech by company count and artificial intelligence 11% as of 2023, together 72%, on the IDB’s Deep Tech: The New Wave mapping, a split reproduced by EMERGE and Cubo Itaú’s Radar Deep Tech LATAM, presented on 11 September 2025. The fourteen look like the region: biology heavy, hardware clustered in the Southern Cone.

Two Companies That Already Trade on NASDAQ

Satellogic, founded in Buenos Aires in 2010, runs an Earth observation platform on a constellation of 34 high-resolution low Earth orbit satellites, selling affordable geospatial data across industries. Liberty Strategic Capital, Tencent and the Inter-American Development Bank are among its backers. Its total is the one company figure in the set that an outside record has since resolved: Tracxn and Crunchbase put Satellogic at approximately US$249 million over 7 rounds, after a US$35 million registered direct offering closed on 27 January 2026.

Establishment Labs, founded in Costa Rica in 2004, manufactures minimally invasive next-generation breast implants under the Motiva Implants brand, holds 25 patents and 200 patent applications across 25 jurisdictions, and distributes to more than 70 countries. It listed on NASDAQ at a US$1.8 billion valuation and raised US$121 million across eight rounds, the largest a US$55 million Series D, the eight-round total our venture map carries and defends, and one not yet re-verified against an outside record. TRL 9, and on our pages the region’s most valuable medical technology venture.

Two US$120 Million Rounds, in Identity and Industrial AI

Auth0, founded in Argentina in 2013, made authentication portable for developers using open standards. By mid-2020 it had raised over US$210 million, culminating in a US$120 million Series E led by Salesforce Ventures at a US$1.92 billion valuation, and in March 2021 Okta acquired it, the landmark regional exit in this set. Our pages record US$332.3 million in total funding and file it under cryptography, which stretches any deep tech taxonomy.

Tractian combines integrated hardware, software and AI to democratize predictive and preventive maintenance for industrial operations, with Brazilian roots and an Atlanta base. It has raised US$200 million in total, including a US$120 million Series C led by Sapphire Ventures, with General Catalyst and Y Combinator among earlier backers. TRL 9 at Series C, on a total we carry as extracted and not yet re-verified.

Biology Built From Environments Nobody Else Can Sample

The region holds 42% of the world’s biodiversity on the figure our report carries from Deep Tech Colombia, with UNEP and the World Economic Forum putting Latin America and the Caribbean at roughly 40%. Five of the fourteen turn that into product. Puna Bio, in Buenos Aires since 2021, makes biological inputs for agriculture from extremophile microbes in high-altitude deserts, cutting chemical fertilizer use; it has raised US$24.3 million, is backed by The Gates Foundation and SOSV/IndieBio, and was a Deep Tech Pioneer in Hello Tomorrow’s 2024 Challenge. M4Life, a CONICET spinoff in Tucumán founded in 2023, applies biologically trained microbes to seeds for soil restoration, at TRL 6 to 7 and US$276.3K raised.

Brazil supplies the therapeutic end of the same bet. Nintx, founded in 2021, translates inter-species biology from plants and microorganisms into multi-target therapies acting on gut-microbiome pathways. It closed a US$3 million seed in 2022 and a US$10 million Series A led by Pitanga, Ecoa Capital and MOV Investimentos, and secured a US$2.5 million FINEP grant. Symbiomics, in Florianópolis and also founded in 2021, runs microbiome, genomic and machine-learning platforms for biological agricultural products; our pages record US$4.11 million raised across multiple seed rounds from The Yield Lab Latam and Vesper Ventures among others, carried as reported rather than verified, the most recent a US$2.15 million infusion in the first half of 2024. EMERGE’s Radar separately records US$2.7 million for Symbiomics in 2024.

Antarka, a Universidad de la República spinoff in Montevideo founded in 2023, develops DNA repair enzymes from Antarctic extremophiles for skincare using visible-light-activated photolyases, and has raised US$400K at TRL 8 from SOSV/IndieBio and Grid Exponential. Its 100% UV damage repair efficacy in ex vivo human skin is a company-reported result. SOSV/IndieBio, on two of these cap tables, reported a 72% gross average return on its Latin American deep tech investments between 2015 and 2023, a figure we carry from the IDB, have not re-verified, and which our own report calls a single-manager statistic not directly comparable to global benchmarks.

Chile’s Hardware Bench, and a Grid Worth Building On

Splight develops grid operations AI that attacks energy curtailment and congestion to raise renewable integration. It raised a US$12 million seed led by noa, formerly A/O, with EDP Ventures and the UC Berkeley Foundation participating; total funding on our pages is US$26.1 million at TRL 9. The grid it optimises is the region’s strongest structural advantage: Ember’s Global Electricity Review 2026 puts Latin America and the Caribbean at 65% clean electricity in 2025 against a 41% global average.

Photio, in Huechuraba since 2019, makes nanoparticle additives that turn urban surfaces into air purification agents, degrading atmospheric pollutants in light; it took Start-Up Chile Growth support and was Track Winner in Hello Tomorrow’s 2023 Challenge for Sustainable Construction and Infrastructure. Strong by Form, in Santiago since 2018, uses bio-inspired digital manufacturing and robotic fabrication to make structural wood components that replace steel, concrete and aluminium, at TRL 7; our pages record US$6.2 million in total funding and, separately, a EUR 4.8 million seed round led by CMPC Venture Capital in 2023.

Two more, from Brazil and Mexico, complete the set. FabNS, a Federal University of Minas Gerais spinoff in Belo Horizonte founded in 2020, builds nanoscale chemical imaging with tip-enhanced Raman spectroscopy and patented nanoantenna tips, and was recognised in MIT Innovators Under 35. Sistema.bio, with hubs in Mexico and Colombia and partnerships across a dozen LATAM countries, converts organic waste into clean energy and fertilizer for farmers; it raised US$22.8 million across three Series B rounds between 2024 and 2025 from KawiSafi, AXA Investment Managers and EcoEnterprises Fund, at TRL 9.

LATAM is already a theatre for overlooked inventions.

How to Read These Totals Before You Compare Them

Three things move a company total, all three in this set. Vintage: the database behind our report closed in March 2025, so a company that raised afterwards shows a figure since overtaken, as Satellogic did. Instrument: Nintx’s US$2.5 million FINEP grant is public non-dilutive money rather than equity, and a venture dataset treats a registered direct offering by a listed company the same way. Currency: Strong by Form’s total is in dollars and its CMPC seed round is in euros. Read the basis and the date on the same line as the number.

The confidence label matters as much as the number. Most of the totals above are extracted from the report and not yet re-verified, which means nobody has checked them, not that they are wrong. Satellogic’s is verified; Symbiomics and Strong by Form are carried as reported, meaning a secondary source speaks to them. None of that shows on a printed page, so it goes on the web edition: every row in our venture map carries a named source, a date and a confidence tier, and says plainly that it is a seed set rather than the full mapping.

Beyond the Fourteen

The fourteen are a sample: EMERGE and Cubo Itaú counted 1,316 deep tech companies in the region in the Radar presented on 11 September 2025. That Radar names NotCo, the Chilean company using AI to formulate plant-based foods, as Chile’s largest deep tech recipient by cumulative funding at roughly US$466 million, about 75% of the country total; and brain4care, the Brazilian non-invasive intracranial-pressure monitor with US$23.6 million raised in total, as Brazil’s largest deep tech recipient in 2024. Below them, Future Cow, founded in Brazil in 2023, has raised approximately US$1.2 million, including a US$150k Antler residency and a 2025 round of R$4.85 million, about US$885k, led by Antler and Big Idea Ventures, on trade-press sourcing.

The Road Ahead

For a founder, the useful read is that TRL 9 here is reached on seed and Series A tickets, and that Hello Tomorrow, CORFO, FINEP, Start-Up Chile, CONICET and UFMG appear on these pages as often as any fund. For an allocator, a set this size can be diligenced company by company, and vehicles are being built for that: in 2025 IDB Lab committed US$3 million to GRIDX Fund II, a US$30 million fund led by Matías Peire targeting up to 75 deep tech startups, roughly half climate and half health. For a ministry, the pattern worth copying is that a public instrument sits upstream of almost every private round here.

We are publishing the venture map with a source, a date and a confidence tier on every row, and will keep adding companies and updating totals as outside records land. If you are building one of these companies, funding one, or holding a figure we should be carrying, write to us. These fourteen are what Latin America has already built. The next fourteen are the ones we want to be counting.