Welcome to this week’s Brazil know-how round-up. Here’s a choice of three key developments in Latin America’s largest financial system for the week ending February 13, 2021. First up, a key story from the week that was: the federal government reacts as a serious new leak emerges, exposing hundreds of thousands of shoppers. We then transfer on to the most recent outcomes of native software program big Totvs and new information on the burgeoning healthtech sector in Brazil.
Authorities reacts to new leak
Main information leaks have gotten a routine of kinds in Brazil, and the federal government is attempting to get a deal with of the state of affairs. As the most recent main information leak that has uncovered greater than 102 million shoppers was found in Brazil, recently-created Nationwide Information Safety Authority launched an investigation alongside the Federal Police and the opposite actors concerned. The incident, first reported by Brazilian information on Wednesday (10) web site Neofeed, was found by cybersecurity agency PSafe.
PSafe contacted a cybercriminal from exterior Brazil, who’s promoting the leaked data on the deep internet and claimed the data referred to prospects from two main cellular operators, Claro and Vivo. PSafe stated it could not discover proof that these two corporations had been impacted by the leak, however confirmed the leaked data pertains to cell phone contracts – together with particulars of president Jair Bolsonaro.
Each Claro and Vivo denied that any of their buyer data has been leaked, however the corporations have been summoned by the information safety authority to cooperate with the investigation, together with PSafe. The cybersecurity agency additionally found what’s being described as Brazil’s largest information leak on report, which has emerged in January.
The incident concerned the publicity of private particulars greater than 223 million shoppers – together with deceased residents – starting from taxpayer registration numbers and car information to full assessments produced by Mosaic, the system for geodemographic classification of households run by Serasa, an Experian firm.
On Monday (8), Experian has launched an announcement saying that “there isn’t any optimistic or detrimental credit score information has been illegally obtained from Serasa” or that its methods had been compromised. Alternatively, the corporate stated it was finishing up an “detailed forensic investigation” following the emergence of the leak.
Nonetheless on PSafe, the cybersecurity agency has introduced right this moment (13) a merger with CyberLabs, a Brazilian synthetic intelligence (AI) startup. The transaction was supported by enterprise fund Redpoint eventures, an investor in each corporations. The worth of the deal, which was finalized within the second half of 2020, has not been disclosed.
The merger creates an AI and cybersecurity group comprising greater than 150 engineers and researchers, with projected income of 100 million reais (US$ 18 million) for 2021. Going ahead, the group’s technique is to concentrate on enterprise merchandise based mostly on AI, particularly PSafe’s dfndr enterprise, an answer that helps enterprise take care of information leaks by way of round the clock deep internet monitoring, supporting proactive predictive safety.
This week, one of many major gamers in Brazilian know-how sector had causes to be cheerful. Brazilian software program agency Totvs reported a web revenue improve of 78.4% at 96.1 million reais (US$ 17,9 million) for the fourth quarter of 2020, with web income up 19% in comparison with the identical interval of 2019, the equal to 689.4 million reais (US$ 128,3 million).
The corporate, which has a buyer base of about 40,000 corporations throughout Brazil, has historically been a pacesetter within the native small and medium enterprise (SME) market, an area that rivals resembling German behemoth SAP have additionally been specializing in lately.
In 2016, the corporate promoted a drastic change in its enterprise mannequin, to concentrate on the software-as-a-service (SaaS) mannequin. Although the shift resulted in sluggish progress within the following two years, the corporate is now reaping the outcomes of the migration, as SaaS presently represents 65% of recent enterprise on the firm, whereas subscriptions account for about 80% of the corporate’s know-how enterprise.
Totvs claims to presently have 50% of the market share within the Brazilian enterprise software program house. Nevertheless, the Brazilian firm has been broadening its supply past the enterprise useful resource planning methods house into segments resembling monetary know-how options and Large Information.
A busy begin of the yr for healthtechs
Investments within the healthtech section in Brazil are anticipated to achieve US$ 200 million throughout greater than 50 funding rounds in 2021, in response to a brand new report launched by open innovation agency Distrito.
The yr has began with some noteworthy rounds within the health-focused startups house, with greater than US$ 52.3 million invested by way of 9 offers introduced this yr thus far. The quantity already corresponds to 49.3% of the whole invested in 2020, when the sector raised greater than US$ 106 million, the report famous.
Highlights of 2021 thus far embrace the investments on telemedicine agency ViBe and psychological well being firm Zenklub, which raised US$ 9.8 million and US$ 8.4 million, respectively in Sequence A rounds. Nevertheless, the largest spherical of the yr thus far within the section was introduced this week by healthcare operator Alice.
Alice’s US$ 33.3 million spherical introduced on Thursday (11) is described as the largest Sequence B spherical ever raised by a healthtech in Brazil. The spherical was led by ThornTree Capital Companions, joined by Kaszek Ventures, Canary and Maya Capital, who additionally backed the corporate in its seed and Sequence A rounds, each raised all through 2020. New supporters, resembling Endeavor Catalyst, have additionally joined the most recent spherical. To this point, US$ 47.8 million has been invested within the firm.
Mixing telemedicine and in-person companies, Alice’s person-centered mannequin proposes a substitute for conventional healthcare plans. At the moment serving 1,100 prospects – largely girls aged about 30 years previous – the corporate has seen month-to-month progress of about 51% since its launch amid the Covid-19 pandemic in June 2020. The startup goals to attain a five-fold progress of its buyer base in 2021.
In addition to telemedicine and vitamin companies supplied remotely by medical doctors, nurses and nutritionists by way of the app, by way of textual content, audio or video, Alice has partnerships with hospitals and labs, to which prospects are referred to, if required.
Alice proposes to offer ongoing care based mostly on information and metrics, constructed on the shopper’s well being historical past saved within the app. At the moment, the corporate solely gives companies in São Paulo, however plans to broaden its presence to different cities within the medium-term. Furthermore, Alice plans to spice up its personal well being and wellness providing by way of partnerships: the corporate presently has an alliance with health app Freeletics and can broaden its present portfolio of companions within the coming months.