Jio invests $ 15 million in Pranav Mistry’s Two platforms Inc for 25% stake
- ByStartupStory | February 5, 2022
Jio Platforms Limited has invested $15 million in Two Platforms Inc, a Silicon Valley primarily based completely deeptech startup based totally via Pranav Mistry, for a 25% equity stake on a totally diluted foundation. Two Platforms Inc is an artificial intelligence (AI) organization with recognition on constructing interactive and immersive AI critiques. Its platform allows real-time AI voice and video calls, virtual humans, immersive areas and affordable gaming.
“We are inspired with the sturdy revel in and abilities of the founding group at TWO in the areas of AI/ ML, AR, metaverse and Web three.Zero. We sit up straight for running collectively with TWO to assist expedite development of recent merchandise in the areas of interactive AI, immersive gaming and metaverse,” stated Akash Ambani, Director of Jio.
Two Platforms Inc will work with Jio to fast-song the adoption of new generation and assemble disruptive technologies along with AI, metaverse, and blended realities. Speaking at the funding, Pranav Mistry, CEO of Two Platforms Inc, stated, “Jio is foundational to India’s virtual transformation. We at TWO are excited to associate with Jio to push the bounds of AI and introduce programs of Artificial Reality to clients and corporations at scale.” TWO plans to bring its interactive AI generation first to patron programs followed through enjoyment and gaming, in addition to company answers consisting of retail, services, education, health and health. The founding crew at TWO has numerous years of control enjoy in studies, format and operations with essential worldwide generation companies. White & Case acted as legal counsel for Jio for the transaction.
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