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Reliance (JIO) Buys Stake In Silicon Valley Startup Two Platforms
NEW DELHI: Jio Platforms Ltd, part of Mukesh Ambani-led Reliance Industries Ltd, has invested $15 million in Two Platforms Inc, a Silicon Valley-based deep tech startup founded by Pranav Mistry, for a 25% equity stake on a fully diluted basis.Ambani’s Reliance Industries Ltd. has invested about $1 billion so far in Indian startups as the refining-to-retail conglomerate prepares for a digital future that marries content and commerce.Two Platforms is an artificial reality company, with focus on building interactive and immersional AI (artificial intelligence) experiences. Its platform enables real-time AI voice and video calls, digital humans, immersive spaces and lifelike gaming.The
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NEW DELHI: Jio Platforms Ltd, part of Mukesh Ambani-led Reliance Industries Ltd, has invested $15 million in Two Platforms Inc, a Silicon Valley-based deep tech startup founded by Pranav Mistry, for a 25% equity stake on a fully diluted basis.Ambani’s Reliance Industries Ltd. has invested about $1 billion so far in Indian startups as the refining-to-retail conglomerate prepares for a digital future that marries content and commerce.Two Platforms is an artificial reality company, with focus on building interactive and immersional AI (artificial intelligence) experiences. Its platform enables real-time AI voice and video calls, digital humans, immersive spaces and lifelike gaming.The […]
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