Jio Steps Into Metaverse With $15 Million Investment.
Jio Platforms has announced an investment of US$ 15 million in Two Platforms Inc– also known as TWO– a Silicon Valley based deep tech startup founded by Pranav Mistry, for a 25% equity stake on a fully diluted basis.
“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 development of new products in the areas of interactive AI, immersive gaming and Metaverse,” said Akash Ambani, Director of Jio.
TWO is an Artificial Reality (AR) company with focus on building interactive and immersive AI experiences. TWO’s Artificial Reality platform enables real-time AI voice and video calls, digital humans, immersive spaces and life-like gaming.
“TWO plans to bring its interactive AI technologies first to consumer applications followed by entertainment and gaming, as well as enterprise solutions including retail, services, education, health and wellness,” as per a statement.
