{
  "title": "Itaú to Acquire NeoSpace for R$2.925 Billion",
  "publisher": "Acquiry Deal Intelligence",
  "author": "Joash Boyton",
  "url": "https://www.acquiry.com/deal-intelligence/itau-to-acquire-neospace/",
  "published": "2026-10-28T09:00:00Z",
  "updated": "2026-10-28T09:00:00Z",
  "licence": "Free to reference with attribution to Acquiry Deal Intelligence and a link to the source URL.",
  "rows": [
    {
      "dataset": "key-figures",
      "label": "Purchase price",
      "value": "BRL 2.925bn",
      "provenance": "disclosed",
      "note": "Stated in Itaú’s Material Fact of 26 October 2026.",
      "sources": "https://www.sec.gov/Archives/edgar/data/1132597/000113259726000245/materialfact_neospace.htm | https://valorinternational.globo.com/business/news/2026/10/26/itau-agrees-to-buy-neospace-for-r29bn-expanding-ai-investment.ghtml | https://theaiinsider.tech/2026/10/26/brazils-itau-unibanco-to-acquire-ai-startup-neospace-for-589m/",
      "permalink": "https://www.acquiry.com/deal-intelligence/itau-to-acquire-neospace/#undefined"
    },
    {
      "dataset": "key-figures",
      "label": "In US dollars",
      "value": "$588.6m",
      "provenance": "disclosed",
      "note": "Trade press gives the price as about $588.6 million.",
      "sources": "https://www.sec.gov/Archives/edgar/data/1132597/000113259726000245/materialfact_neospace.htm | https://valorinternational.globo.com/business/news/2026/10/26/itau-agrees-to-buy-neospace-for-r29bn-expanding-ai-investment.ghtml | https://theaiinsider.tech/2026/10/26/brazils-itau-unibanco-to-acquire-ai-startup-neospace-for-589m/",
      "permalink": "https://www.acquiry.com/deal-intelligence/itau-to-acquire-neospace/#undefined"
    },
    {
      "dataset": "key-figures",
      "label": "Earlier round",
      "value": "$18M",
      "provenance": "disclosed",
      "note": "Led by Itaú in February 2025; Itaú invested $15M.",
      "sources": "https://www.sec.gov/Archives/edgar/data/1132597/000113259726000245/materialfact_neospace.htm | https://valorinternational.globo.com/business/news/2026/10/26/itau-agrees-to-buy-neospace-for-r29bn-expanding-ai-investment.ghtml | https://theaiinsider.tech/2026/10/26/brazils-itau-unibanco-to-acquire-ai-startup-neospace-for-589m/",
      "permalink": "https://www.acquiry.com/deal-intelligence/itau-to-acquire-neospace/#undefined"
    },
    {
      "dataset": "key-figures",
      "label": "Exclusivity",
      "value": "12 months",
      "provenance": "disclosed",
      "note": "Exclusive use of NeoSpace’s conversational AI granted to Itaú in that round.",
      "sources": "https://www.sec.gov/Archives/edgar/data/1132597/000113259726000245/materialfact_neospace.htm | https://valorinternational.globo.com/business/news/2026/10/26/itau-agrees-to-buy-neospace-for-r29bn-expanding-ai-investment.ghtml | https://theaiinsider.tech/2026/10/26/brazils-itau-unibanco-to-acquire-ai-startup-neospace-for-589m/",
      "permalink": "https://www.acquiry.com/deal-intelligence/itau-to-acquire-neospace/#undefined"
    },
    {
      "dataset": "key-facts",
      "id": "fact-1",
      "label": "Purchase price",
      "value": "BRL 2.925bn",
      "provenance": "disclosed",
      "note": "The purchase price stated in Itaú’s Material Fact is BRL 2.925 billion, about $588.6 million.",
      "sources": "https://www.sec.gov/Archives/edgar/data/1132597/000113259726000245/materialfact_neospace.htm | https://valorinternational.globo.com/business/news/2026/10/26/itau-agrees-to-buy-neospace-for-r29bn-expanding-ai-investment.ghtml | https://theaiinsider.tech/2026/10/26/brazils-itau-unibanco-to-acquire-ai-startup-neospace-for-589m/",
      "permalink": "https://www.acquiry.com/deal-intelligence/itau-to-acquire-neospace/"
    },
    {
      "dataset": "key-facts",
      "id": "fact-2",
      "label": "Payment structure",
      "value": "5-year schedule",
      "provenance": "disclosed",
      "note": "One installment is payable at closing and the remaining installments are deferred over a five-year period.",
      "sources": "https://www.sec.gov/Archives/edgar/data/1132597/000113259726000245/materialfact_neospace.htm | https://valorinternational.globo.com/business/news/2026/10/26/itau-agrees-to-buy-neospace-for-r29bn-expanding-ai-investment.ghtml | https://theaiinsider.tech/2026/10/26/brazils-itau-unibanco-to-acquire-ai-startup-neospace-for-589m/",
      "permalink": "https://www.acquiry.com/deal-intelligence/itau-to-acquire-neospace/"
    },
    {
      "dataset": "key-facts",
      "id": "fact-3",
      "label": "Joint work",
      "value": "Nearly two years",
      "provenance": "disclosed",
      "note": "NeoSpace has developed models trained on Itaú’s proprietary data for nearly two years.",
      "sources": "https://www.sec.gov/Archives/edgar/data/1132597/000113259726000245/materialfact_neospace.htm | https://valorinternational.globo.com/business/news/2026/10/26/itau-agrees-to-buy-neospace-for-r29bn-expanding-ai-investment.ghtml | https://theaiinsider.tech/2026/10/26/brazils-itau-unibanco-to-acquire-ai-startup-neospace-for-589m/",
      "permalink": "https://www.acquiry.com/deal-intelligence/itau-to-acquire-neospace/"
    },
    {
      "dataset": "key-facts",
      "id": "fact-4",
      "label": "Approvals",
      "value": "CADE + Central Bank",
      "provenance": "disclosed",
      "note": "Prior approval by Brazil’s antitrust authority and the Central Bank of Brazil is a condition to closing.",
      "sources": "https://www.sec.gov/Archives/edgar/data/1132597/000113259726000245/materialfact_neospace.htm | https://valorinternational.globo.com/business/news/2026/10/26/itau-agrees-to-buy-neospace-for-r29bn-expanding-ai-investment.ghtml | https://theaiinsider.tech/2026/10/26/brazils-itau-unibanco-to-acquire-ai-startup-neospace-for-589m/",
      "permalink": "https://www.acquiry.com/deal-intelligence/itau-to-acquire-neospace/"
    },
    {
      "dataset": "key-facts",
      "id": "fact-5",
      "label": "Management",
      "value": "Autonomous",
      "provenance": "disclosed",
      "note": "NeoSpace’s management and operations remain autonomous and its team is retained under CEO Bruno Pierobon.",
      "sources": "https://www.sec.gov/Archives/edgar/data/1132597/000113259726000245/materialfact_neospace.htm | https://valorinternational.globo.com/business/news/2026/10/26/itau-agrees-to-buy-neospace-for-r29bn-expanding-ai-investment.ghtml | https://theaiinsider.tech/2026/10/26/brazils-itau-unibanco-to-acquire-ai-startup-neospace-for-589m/",
      "permalink": "https://www.acquiry.com/deal-intelligence/itau-to-acquire-neospace/"
    },
    {
      "dataset": "key-facts",
      "id": "fact-6",
      "label": "Earlier round",
      "value": "$18M",
      "provenance": "disclosed",
      "note": "NeoSpace raised $18M in February 2025 in a round led by Itaú, which invested $15M.",
      "sources": "https://www.sec.gov/Archives/edgar/data/1132597/000113259726000245/materialfact_neospace.htm | https://valorinternational.globo.com/business/news/2026/10/26/itau-agrees-to-buy-neospace-for-r29bn-expanding-ai-investment.ghtml | https://theaiinsider.tech/2026/10/26/brazils-itau-unibanco-to-acquire-ai-startup-neospace-for-589m/",
      "permalink": "https://www.acquiry.com/deal-intelligence/itau-to-acquire-neospace/"
    }
  ],
  "sources": [
    {
      "id": "s1",
      "title": "Material Fact: Acquisition of NeoSpace A.I. Technologies Ltda.",
      "href": "https://www.sec.gov/Archives/edgar/data/1132597/000113259726000245/materialfact_neospace.htm",
      "publisher": "Itaú Unibanco Holding S.A. via SEC (Form 6-K)",
      "date": "26 October 2026",
      "isoDate": "2026-10-26",
      "kind": "SEC filing"
    },
    {
      "id": "s2",
      "title": "Itaú agrees to buy NeoSpace for R$2.9bn, expanding AI investment",
      "href": "https://valorinternational.globo.com/business/news/2026/10/26/itau-agrees-to-buy-neospace-for-r29bn-expanding-ai-investment.ghtml",
      "publisher": "Valor International",
      "date": "26 October 2026",
      "isoDate": "2026-10-26",
      "kind": "Trade press"
    },
    {
      "id": "s3",
      "title": "Brazil's Itaú Unibanco to Acquire AI Startup NeoSpace for $589M",
      "href": "https://theaiinsider.tech/2026/10/26/brazils-itau-unibanco-to-acquire-ai-startup-neospace-for-589m/",
      "publisher": "The AI Insider",
      "date": "26 October 2026",
      "isoDate": "2026-10-26",
      "kind": "Trade press"
    },
    {
      "id": "s4",
      "title": "NeoSpace raises $18M in a round led by Itaú",
      "href": "https://latamlist.com/neospace-raises-18m-in-a-round-led-by-itau/",
      "publisher": "LatamList",
      "date": "4 February 2025",
      "isoDate": "2025-02-04",
      "kind": "Trade press"
    },
    {
      "id": "s5",
      "title": "NeoSpace AI: Large Data Models and Real-Time Intelligence Platform",
      "href": "https://www.neospace.ai/",
      "publisher": "NeoSpace",
      "date": "28 October 2026",
      "isoDate": "2026-10-28",
      "kind": "Company website"
    },
    {
      "id": "s6",
      "title": "Itaú Unibanco reports net income of BRL 12.4 billion and ROE of 24.3% in the second quarter of 2026",
      "href": "https://www.sec.gov/Archives/edgar/data/1132597/000113259726000215/eng_pressreleasex2t26.htm",
      "publisher": "Itaú Unibanco Holding S.A. via SEC (Form 6-K)",
      "date": "4 August 2026",
      "isoDate": "2026-08-04",
      "kind": "SEC filing"
    }
  ]
}