Qubika Acquires Uruguayan Company Tryolabs and Expands Its Global AI Capabilities

Qubika, a technology company formed in 2023 through the merger of the Uruguayan firms Moove It and December Labs with backing from the U.S. fund Recognize, acquired Tryolabs, a company founded in Montevideo that specializes in artificial intelligence. The acquisition expands Qubika’s capabilities in applied AI and adds 16 years of experience—developed in Uruguay for international clients—to its organization.

Tryolabs was founded in 2010 and developed machine learning and artificial intelligence systems for Fortune 500 companies and high-growth startups, with applications in generative AI, computer vision, price prediction and optimization, MLOps, and edge AI. As part of the acquisition, Tryolabs’ CEO, Alan Descoins, will join Qubika’s executive team as Chief AI Officer and lead the company’s artificial intelligence strategy.

“Joining forces allows us to bring 16 years of experience in applied artificial intelligence to an enterprise scale,” said Descoins, who was named to the TIME100 AI 2025 list. For Ariel Ludueña, CEO of Qubika, the integration combines Tryolabs’ technical expertise with the execution capabilities of an organization that, following the transaction, brings together approximately 1,100 professionals and has offices and delivery centers in the United States and Latin America.

The acquisition also has a history directly linked to the influx of international investment into Uruguay’s technology sector. Qubika was founded three years ago when Recognize, a New York-based investment fund, spearheaded the merger of Moove It and December Labs. It was the fund’s first investment in Latin America and targeted two companies created and developed in Uruguay. During that process, Uruguay XXI provided support by contributing information to aid in the decision-making process.

This journey illustrates a trend that has gained prominence in the local tech ecosystem: companies founded in Uruguay that develop capabilities for global markets, attract international capital, and—through that investment—gain the scale needed to continue growing. The addition of Tryolabs now marks a new phase in this trajectory, with a focus on artificial intelligence.

As part of its work to promote and facilitate investment, Uruguay XXI maintains an Investment Portfolio that connects investors with Uruguayan companies and projects seeking capital. Recognize is part of the network of investors linked to this tool, and within the framework of that relationship, the agency has presented opportunities in the technology sector to the fund, including Tryolabs.

The transaction also takes place in a sector with a strong international focus. According to Uruguay XXI’s ICT 2026 report, the Uruguayan technology industry generated US$3.681 million in revenue in 2024—equivalent to 4.5% of GDP—and exported US$2.323 million, representing 63% of its sales. The United States is its main market, and Uruguay ranks as the second-largest per-capita exporter of software in Latin America.

In this context, Qubika’s acquisition of Tryolabs adds scale and specialization to a technology company built on capabilities originally developed in Uruguay and backed by international investment. The transaction once again highlights the country’s ability to generate companies and technological talent with global reach and to attract capital interested in supporting their growth.