Aimirim Raises US$2 million Seed Round Led by Indicator Capital to Scale Industrial AI Globally

Aimirim, a deeptech company founded in Uberlândia in 2016, has secured its first investment round worth US$2 million as it looks to expand internationally and strengthen its presence in industrial digitalization. The startup already serves major companies including Raízen, British American Tobacco, Mondelez International and Agropalma.

The seed round was led by Indicator Capital, a venture capital firm focused on startups developing IoT and smart device technologies for industry, and co-led by SP Ventures, which specializes in agribusiness technology invezstments.

Funding aims to accelerate commercial growth

According to Renato Pacheco Silva, CEO and cofounder of Aimirim alongside CTO Felipe Adriano Gonçalves and operations director Camila Borges, the startup had grown as a bootstrap business before deciding to seek external capital.

“We reached this point being bootstrap, but one of the reasons for this round is to accelerate the speed at which we are entering the market because we believe our product is mature enough to scale quickly,” said Silva.

The newly raised capital will be used to triple the company’s customer base over the coming years, especially within the middle-market segment. As part of the expansion strategy, Aimirim is building a more structured commercial operation with the addition of sales executives and a dedicated sales team.

Tupana platform combines AI, predictive control and IoT

Aimirim develops advanced industrial automation technologies through its proprietary platform, Tupana. The platform combines predictive control systems, artificial intelligence and IoT sensor management to improve industrial operations in sectors that are still undergoing digital transformation, including agribusiness, mining and pulp production.

The company’s portfolio currently includes four core areas: real-time automation, digital twins for scenario simulation, IoT sensor management and industrial data analytics.

Aimirim says its technology has already delivered measurable results for clients. For Raízen, the startup claims to have generated savings of US$200,000 per harvest, while projects developed for British American Tobacco helped eliminate 65 tons of CO₂ emissions annually.

Startup also develops proprietary industrial hardware

Beyond software and AI solutions, Aimirim is also investing in the development of its own PLC (programmable logic controller), an industrial computer used to control machinery and factory-floor processes.

The company plans to invest US$ 1 million into the project, with the product expected to be completed by the end of the year. Currently, these devices largely depend on international suppliers.

“When there is a strong dependence on these systems, the hardware becomes tied to large vendors. With our own edge and integration technology, we will become independent,” said CTO Felipe Adriano Gonçalves.

Investors highlight Aimirim’s technology and financial performance

Derek Bittar, cofounder of Indicator Capital, described the founding team as a rare example within Brazil’s technology ecosystem.

“This trio of founders is a classic rare find. This is true Brazilian deeptech,” said Bittar.

He also noted that the fund’s LPs were highly impressed with Aimirim’s business model and technology.

Indicator Capital’s US$70 million fund includes investors such as Lenovo, Motorola, Multilaser, BNDES and Qualcomm.

Meanwhile, SP Ventures identified Aimirim through its activity in the agribusiness sector. Partner Alexandre Stephan highlighted the startup’s consistent profitability and dollar-denominated revenue generation, although the company has not disclosed financial figures.

“This confirms that their cutting-edge technology is highly differentiated and already reaching global markets,” Stephan said.

SP Ventures invested in Aimirim through its third fund, launched earlier this year with a target size of US$80 million and US$50 million already raised. Aimirim became the fund’s third investment, with the vehicle expected to complete around 20 investments over the next five years.

For Indicator Capital, the investment represents the final new deal of its current fund, which will now focus on follow-on investments and exits.