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CCSL Advogados has successfully advised Dare Data Engineering in securing an investment from NOS SGPS.
The CCSL Advogados team was led by Mafalda Almeida Carvalho, partner and head of the M&A practice, with support from Francisco Borges Coelho.
Dare Data Engineering, a Portuguese company specializing in data infrastructure development and projects based on generative Artificial Intelligence (AI) and machine learning, was founded in 2019 and is currently headed by Nuno Brás, Ivo Bernardo, and Rui Figueiredo. The company boasts over 50 engineers and data scientists, with operations spanning the United States, Brazil, Spain, France, Greece, Norway, and Australia.
Operating across various sectors, including pharmaceuticals, telecommunications, banking, logistics, and energy, Dare Data Engineering experienced a revenue growth of approximately 80% last year, reaching three million euros.
“We are thrilled to have played a role in facilitating this strategic investment,” said Mafalda Almeida Carvalho. “This collaboration not only underscores the growing importance of AI and machine learning but also highlights Dare Data Engineering’s remarkable growth and potential in the global market.”