Jio Platforms today invested that it has invested $15 million in Two Platforms Inc. The Two Platforms is an artificial reality firm that aims to build immersional and interactive experiences. Notably, this platform comes at that time when Reliance Jio is eyeing 5G network, machine learning, and artificial intelligence to provide technology-based solutions to customers.
“Jio Platforms Limited today announced an investment of US$ 15 million in Two Platforms Inc., a Silicon Valley-based deep tech startup founded by Pranav Mistry, for a 25percent equity stake on a fully diluted basis,” said the telecom operator.
The Two Platforms announced that it will work collectively with Jio Platforms so that they can adopt new technologies and build new ones like metaverse, mixed realties, and AI.
“We are impressed with the strong experience and capabilities of the founding team at TWO in the areas of AI/ ML, AR, metaverse, and Web 3.0. We look forward to working together with TWO to help expedite the development of new products in the areas of interactive AI, immersive gaming, and metaverse,” said Akash Ambani, Director, Jio Platforms.
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