The Sao Paulo Stock Exchange, also known as B3, has acquired a minority stake in MBOCHIP, a deep-tech startup based in Porto Alegre.
According to B3, the initial investment in this transaction is approximately USD $ 1.9 million, although the exact proportion of the acquired stake has yet to be disclosed.
With this agreement, B3 intends to offer its clients new functionalities, low latency, specialized support, agile service, and continuous improvements to the product.
Meanwhile, MBOCHIP expands its reach and customer base through this partnership with the stock exchange.
It’s important to highlight that MBOCHIP, the startup, will continue to operate independently. Founded in 2009, the company has focused on advanced technology for the financial markets for over a decade.
MBOCHIP provides solutions based on FPGA, a programmable chip that accelerates the execution of algorithms.
The low-latency technology is implemented in SiliconTrader, the company’s electronic trading platform for institutional clients.
This investment adds to B3’s modernization strategy, which includes other assets, such as the one made in the Swedish startup Vermiculus in March through the L4 Venture Builder fund.
In July, B3 also collaborated with Nasdaq to develop a clearing platform.
In addition to Vermiculus, the L4 fund has contributed to companies like Parfin, focused on web3 infrastructure, and Bridgwise, which uses artificial intelligence to generate research reports and recommendations on assets from over 44,000 companies listed globally, according to Startups information.
What is deep tech?
They are companies built on authentic scientific discoveries or genuine technological innovations, intending to contribute to global improvement.
Deep tech companies offer solutions in various ecosystems, using tools like large-scale data analysis, artificial intelligence, and deep learning, with a more research-focused approach than what is commonly seen in tech companies that usually receive more media coverage.
This group doesn’t encompass digital companies that have experienced significant growth in recent years or rely on innovative business models but rather solve problems through highly relevant scientific or technological advancements.
In addition to their aspiration to transform the world, deep tech presents an attractive investment opportunity.
