RIO DE JANEIRO, BRAZIL - The IDtech company "unico" announced on Tuesday (3) that it had received R$625 (US$120) million in funding in a round led by General Atlantic and SoftBank funds, becoming the latest Brazilian unicorn, market jargon for startups valued at least 1 billion dollars.
The announcement, nearly 11 months after unico received another round of R$580 million, also led by General Atlantic and SoftBank, illustrates the rapidly expanding demand for biometrics for uses as diverse as opening accounts to remote classes, a movement accentuated by social isolation measures.
Created in 2007 and headquartered in S . . .