The funding and other deals were announced on Friday during South Korean President Park Geun-hye's visit to Brazil.
Chile was again the best-ranked LatAm nation in telecom equipment firm Huawei's study of how countries are moving toward a connected and digital economy.
While IT and software continues to account for the largest amount of companies selected, applicants from other segments have been increasingly successful, with education companies making up 11%, mobile and wireless 10%, e-commerce 9% and biotechnology and healthcare 7%.
Chipmaker Qualcomm, electronics giant LG's display division, virtualization firm Citrix and SAP release their quarterly results.
Latin America stands out for its adoption of SAP's next generation business suite S/4HANA, and cloud revenues grew in the double digits last quarter. But limited and heterogeneous networks continue to moderate cloud adoption.