Jio to invest in Two Platforms Inc.Will invest 112 crores in Silicon Valley's deep tech startups; Both companies will work on AI, Metaverse

 Jio Platforms Limited (Jio) announced an investment of US$ 15 million (about Rs 112 crore) in Silicon Valley-based deep tech startup Two Platforms Inc (TWO). This investment has been made for a 25% stake in Two Platforms Inc. TWO is an artificial reality company with a focus on interactive and immersive AI experiences. After text and voice, TWO believes that the future of AI lies in the visual and interactive.

TWO's artificial reality platform, real-time AI creates voice and video calls, digital human, immersive space and lifelike gaming. TWO plans to take its interactive AI technologies to consumer applications first, followed by entertainment and gaming as well as enterprise solutions including retail, services, education, health and wellness.

Will work together on AI, Metaverse and Mixed Reality

  • TWO's founding team has many years of leadership experience in research, design and operations with leading global technology companies. Its founder is Pranav Mistry. TWO will work closely with Jio to build new technologies such as AI, Metaverse and Mixed Reality.
  • Speaking on the investment, Akash Ambani, Director, Jio, said, “We at TWO are impressed by the strong experience and capabilities of the founding team. We will work closely with Too to help accelerate the development of new products in the areas of interactive AI, immersive gaming and the metaverse.
  • TWO CEO Pranav Mistry also expressed happiness over this deal and expressed his enthusiasm to work closely with Jio. White & Case acted as legal advisor to Jio for this transaction.

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