Brazil’s Enter Becomes Latin America’s First AI Unicorn at $1.2B

Enter, a São Paulo-based legal-AI startup founded in 2023, has achieved a significant milestone by becoming Latin America's first AI unicorn after securing over $100 million in a Series B round led by Peter Thiel's Founders Fund. The funding round, announced on May 5, 2026, tripled the company's valuation to $1.2 billion (R$5.9 billion), with participation from major investors including Sequoia Capital, Ribbit Capital, Atlantico, ONEVC, and Kaszek. The company's platform, EnterOS, processes more than 300,000 lawsuits annually for enterprise clients such as Nubank, Bradesco, Mercado Livre, Airbnb, Azul, and LATAM Airlines. Enter's technology uses AI agents to handle end-to-end litigation workflows, from drafting initial petitions to calculating settlement costs, with outputs audited by partner attorneys. The company plans to expand its headcount from approximately 100 to 150 employees and announce geographic expansion plans in the second half of 2026. Brazil's massive litigation market, which entered 2026 with approximately 75 million pending lawsuits and hosts more than 90% of the world's labor-court cases, presents a unique structural opportunity for Enter's AI-driven solutions.

(Source：The Rio Times)