Jio picks up 25% stake in deep tech start-up Two Platforms for $15 million

Mukesh Ambani-led Jio Platforms on Friday announced that it has picked up a 25 per cent stake in Silicon Valley-based deep tech start-up Two Platforms (TWO) for $15 million around Rs 112 crore).

Founded by Pranav Mistry, Two Platforms is an artificial reality company which focuses on building interactive and immersive AI experiences.

The two companies have joined hands to fast track adoption of new technologies and build disruptive technologies such as AI, metaverse and mixed realties, Jio Platforms said, in a statement.

TWO’s platform enables real-time AI voice and video calls, digital humans, immersive spaces and lifelike gaming.  It