Mexico-based Primero announced its public launch Tuesday with a $12 million seed round co-led by Kaszek and General Catalyst. The startup uses AI to modernize outdated software systems for Latin American enterprises.
Primero targets a critical gap in Latin America's enterprise software landscape, where many companies rely on aging legacy systems that lack modern functionality and integration capabilities.
The startup's AI-powered approach enables organizations to update existing software infrastructure without complete system overhauls, reducing costs and implementation timelines.
Kaszek and General Catalyst's co-leadership signals investor confidence in the modernization-as-a-service model for emerging markets. Kaszek, a prominent Latin American venture firm, brings regional expertise, while General Catalyst's involvement underscores the global relevance of legacy system transformation.
Latin American enterprises, particularly in financial services and manufacturing, maintain substantial technical debt from decades-old systems. Primero's solution addresses demand for efficient modernization that preserves existing business logic while adding contemporary capabilities.
The $12 million seed round will support product development and market expansion across the region.
Tel Aviv and NYC-based Alice secured $140 million in funding led by Apax Digital, reaching a valuation close to $1 billion. The startup focuses on protecting AI models from misuse and rogue behavior.
US nutrition startup Berry Street has merged with Indian health platform Healthify as demand for GLP-1 weight-loss drugs accelerates. The combined entity will be led by co-CEOs Noah Kotlove and Tushar Vashisht.
Accel-backed Keenable is launching publicly with a $26 million seed round to build a specialized web search index optimized for AI agents rather than traditional search engines.