Semantix and SPC Grafeno Form Strategic Partnership to Enhance Brazil's Credit Market
SÃO PAULO, Brazil, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Semantix, Inc. ("Semantix" or "the Company") (NASDAQ:STIX), a leading Latin American enterprise AI platform and applications provider, announced the initiation of a strategic partnership with SPC Grafeno - a financial asset registrar established through a joint venture between Grafeno and SPC Brazil. The collaboration was unveiled during an exclusive event featuring representatives from both organizations, signaling a joint effort to bring positive changes to Brazil's credit market.
The partnership aims to position SPC Grafeno as a data intelligence infrastructure in the financial market, leveraging the Semantix stack to expedite product creation, refine data processing, and enhance storage strategies. By introducing financial assets as influential players in credit decision-making, SPC Grafeno, as the registrar, will hold crucial information about asset registration. The ultimate objective is to contribute to a reduction in fraud, decrease default rates, mitigate risks, and attract global investors to a more secure credit market, particularly in the business segment.
Semantix, renowned for its expertise in artificial intelligence, brings to the partnership an advanced platform designed to accelerate the development and productization of data for SPC Grafeno. Leveraging cutting-edge technologies such as machine learning and deep learning, Semantix offers innovative solutions, including the use of synthetic data to expedite the creation of specialized artificial intelligence models and libraries.
Magno Lima, CEO of SPC Grafeno, underscores the pivotal role of the Central Bank of Brazil as a facilitator of innovation, providing a favorable regulatory environment for the growth of this emerging industry. "The partnership is a natural evolution of our joint journey, building upon Semantix's successful track record in developing innovative technology in the Brazilian and global market," he concludes.
Leonardo Santos, CEO, and founder of Semantix, emphasizes the shared purpose between the companies, highlighting the creation of a collaborative ecosystem to drive the development of new products and the pursuit of positive impact on the lives of Brazilians through data. "The partnership aims to leverage Brazilian innovative and evolutive regulatory scenario by strengthening the presence of Brazilian technology in the capital market sector."
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Source: Semantix, Inc
About Semantix
Semantix is Latin America's first fully integrated data and enterprise AI software platform. Semantix has more than 300 clients with operations in approximately 15 countries using Semantix's software and services to enhance their businesses. The company was founded in 2010 by CEO Leonardo Santos. For more information, visit www.semantix.ai.
About SPC Grafeno
SPC Grafeno is a financial asset registrar created through a joint venture between Grafeno and SPC Brazil, authorized by the Central Bank of Brazil (Bacen). The new company will operate in the capital market to enhance security in the validation, monitoring, and registration processes of assets, being the first registrar to operate 100% in the cloud, utilizing Amazon Web Services (AWS) technology. SPC Grafeno is expected to register approximately 1 million duplicates and handle around 4 billion Brazilian reais in transaction value in its first year of operation
Semantix Forward Looking Statements:
This press release contains certain forward-looking statements within the meaning of the federal securities laws, including, but not limited to, statements regarding Semantix, Inc.'s intentions with respect to regaining compliance with the Listing Rules (including the possibility of implementing a reverse stock split and any beneficial effect thereof) and the anticipated impact of the Notice on its operations. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events that are based on management's current expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Factors that could cause actual future events to differ materially from the forward-looking statements in this communication include those discussed in Semantix's filings with the U.S. Securities and Exchange Commission ("SEC"), including in the section titled "Risk Factors" in our Annual Report on Form 20-F for the year ended December 31, 2022 (the "2022 Form 20-F") on file with the SEC, all of which are available at www.sec.gov. Forward-looking statements speak only as of the date they are made. You are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation to, and does not intend to, update, or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
