Brazilian startup Salvy, a mobile carrier for businesses, was the only company based in Latin America in Y Combinator's latest batch, the accelerator confirmed to TechCrunch.

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Y Combinator's latest cohort had a significant decline in Latin American startups, with only one company from the region. The decline is partly attributed to Y Combinator's focus on AI and the decreasing representation of fintech startups. The Latin American startup ecosystem is less aligned with Y Combinator's current trends, indicating possible challenges for founders in the region.

Y Combinator’s latest cohort had only one LatAm startup in large part because of AI