Jio Platforms has picked up a 25% stake in Two Platforms Inc for USD 15 million on a fully diluted basis. Two Platforms is a Silicon Valley-based Artificial Reality Company focused on building interactive and immersive AI experiences.
After text and voice, the company believes the next chapter of AI is visual and interactive. The company’s artificial reality platform enables real-time AI voice and video calls, digital humans, immersive spaces and lifelike gaming.
Two Platforms 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.
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“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,” Akash Ambani, Director of Jio, said.
Two will work with Jio to fast-track the adoption of new technologies and build disruptive technologies such as AI, metaverse, and mixed realities.