Brazilian capital markets data startup Vitrify raised $1M in a round backed by SVN and Plug and Play. The investment follows Vitrify’s angel round.
Vitrify uses AI to extract, classify, and organize data from financial documents, allowing companies to analyze capital markets information through a single platform.
With the funds, Vitrify will hire AI specialists, expand its cloud infrastructure, and improve its platform. It also plans to expand data coverage and develop AI tools that help customers generate actionable insights from market data.
Vitrify serves about 50 active customers and covers more than 9,700 financial instruments, including CRIs, CRAs, CRs, and debentures.
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