Itaú Unibanco agrees to buy NeoSpace for R$ 2.93 billion

By Public Technologies
  • Itaú Unibanco agreed on Oct. 26, 2026, to acquire all shares of Brazilian AI startup NeoSpace for BRL 2.93 billion.
  • Part of the purchase price is payable at closing, with remaining installments deferred over five years, subject to conditions.
  • Completion requires clearance from Brazil’s antitrust authority CADE and central bank, alongside other closing conditions.
  • The acquisition will strengthen proprietary AI capabilities and support development of the bank’s generative AI assistant, ia.i.
  • NeoSpace will retain autonomous management and its existing team, preserving business continuity.


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