03/09/2021

Source: INewsBR

SVA Tech, from the state of Minas Gerais, specialized in intelligent analytical video solutions for the electronic security market, has just received an investment of R$ 6 million from KPTL, manager of Criatec 3 Fund, created by the National Development Bank (BNDES).

Cedro Capital and FC Partners also participated in the round.

Founded in 2014 in Belo Horizonte, SVA Tech creates tailor-made solutions for companies based on so-called Intelligent Video Analytics (SVA).

The company has created a Video Software as a Service (VSaaS) system that uses artificial intelligence and deep learning to solve demands as it is trained and improved with each use.

Thus, the tool transforms images from conventional cameras into data that allows you to analyze the compliance and behaviors of industry assets in real time.

In SVA’s client portfolio are names such as Vale, Gerdau, Air Liquide, SegurPro, and CPFL.

In 2017, the company had already received R$4.5 million from KPTL.

“Like all venture capital investments, the first contributions are a bet. And the new rounds reward the most winning theses, which have shown the most consistent results and great potential for growth and near-return,” explains Paulo Tomazela, partner at KPTL and advisor to SVA Tech.

With the new investment, SVA intends to improve the algorithms of its platform, reconfigure the shareholder structure, and boost the operation.

The idea is to increase the team, make the demands of software expansion that large players request and evolve the platform, giving the customer the freedom to train their neural networks to use within the most varied applications.

In addition, the mining company intends to increase its operational, development, and commercial teams.

For the next few years, SVA Tech aims to internationalize, seeking to increase export revenue in a relevant way through roll-out, reaching the plants of Brazilian multinationals, already customers, abroad.

Besides the solutions applied in Brazil, today the company already has clients in Europe.

KPTL is a venture capital manager with assets of about R$1.2 billion and almost 60 companies invested in. Headquartered in São Paulo, the company has six offices spread throughout Brazil and one in Los Angeles, in the United States.

Founded from the merger between Inseed Investimentos and A5 Capital Partners, the company is the manager of the Criatec 3 Fund, created by the BNDES in 2016.

With national operations, Criatec 3 has more than 10 quota holders besides the BNDES and has already made more than 20 investments in startups in various sectors such as agribusiness, energy, media, retail, and information technology.

Founded in 2013, Cedro Capital is based in Brasilia and focuses on companies in the Midwest, Tocantins and Minas Gerais with technological innovation in the areas of Information and Communication Technology (ICT), health and agribusiness.

The manager has the startups Configr, Getrak, Kanttum, iMedicina, Apura, Gira, XVision, Xodó App, Nucont, and Portal de Compras Públicas in its portfolio, as well as the exit Escola em Movimento.

FC Partners, on the other hand, is focused on family-owned companies and few projects and clients. Since its foundation, it has already executed more than 300 projects, offering services of valuation elaboration, business plan, M&A advisory, and corporate governance consulting.