Enter Just Tripled Its Valuation to $1.2 Billion and the Brazilian Legal AI Company's Growth Reveals Why Emerging Markets Create Different AI Moats Than Silicon Valley Expects
Enter, the São Paulo-based AI legal platform founded by Mateus Costa-Ribeiro in 2023, has raised $100 million led by Founders Fund with Sequoia Capital and Ribbit Capital, tripling its valuation to $1.2 billion in under eight months, as the company processes over 250,000 new cases annually for clients including Itaú, Santander, Mercado Livre, Nubank, and Airbnb. The round prices Enter's data advantage and founder-market fit against Brazil's 80 million active lawsuits, eight times the US caseload