Enter raises US$100 million and becomes the new legal AI unicorn in Latin America

Brazilian legaltech Enter has successfully raised a US$100 million funding round led by Founders Fund, achieving a valuation of US$1.2 billion. This milestone makes Enter the first artificial intelligence unicorn in the legal sector in Latin America. Founded in 2023 by Mateus Costa-Ribeiro, Michael Mac-Vicar, and Henrique Vaz, the company provides an AI platform that automates the entire litigation management process, from claim analysis to defense generation and agreement creation. By addressing the structural issue of Brazil's congested judicial system, Enter enables large companies to handle thousands of cases more efficiently, reducing costs and operational times. The startup has experienced rapid growth, tripling its valuation in less than a year and processing hundreds of thousands of cases annually. The investment by Founders Fund, co-founded by Peter Thiel, underscores the firm's confidence in Enter and highlights the legal sector as a significant area for artificial intelligence application. This funding round positions Enter as a key player at the intersection of AI and legal services, reflecting a broader trend of Latin American startups building deep solutions to regional structural problems.

(Source：Enderlin Independent)