Jio Platforms Ltd. has introduced an funding of $15 million in Two Platforms Inc., a Silicon Valley-based deep tech start-up based through Pranav Mistry, for a 25% fairness stake on an absolutely diluted foundation.
Two is a man-made truth corporate with center of attention on development interactive and immersional AI stories. After textual content and voice, Two believes the following bankruptcy of AI is visible and interactive. Its synthetic truth platform allows real-time AI voice and video calls, virtual people, immersive areas and real looking gaming. Two plans to deliver its interactive AI applied sciences first to shopper programs adopted through leisure and gaming, in addition to undertaking answers together with retail, services and products, training, well being and wellness. The founding staff at Two has a number of years of management enjoy in analysis, design and operations with main international generation firms, Jio mentioned in a remark.
“Two will paintings collaboratively with Jio to fast-track the adoption of recent applied sciences and construct disruptive applied sciences reminiscent of AI, metaverse, and blended realities,” it mentioned.
Akash Ambani, Director, Jio, mentioned: “We’re inspired with the sturdy enjoy and functions of the founding staff at Two within the spaces of AI / ML, AR, metaverse and Internet 3.0.” “We look ahead to operating in conjunction with Two to assist expedite construction of recent merchandise within the spaces of interactive AI, immersive gaming and metaverse,” he added.
Pranav Mistry, CEO of Two, mentioned: “Jio is foundational to India’s virtual transformation.” He added that Two would spouse with Jio to push the bounds of AI and introduce programs of man-made truth to shoppers and companies at scale.