AI Startup ‘TWO’ Secured A $15 Million Funding From Jio

Reliance Jio has confirmed a $15 million (approximately Rs 111 crores) investment in a company called Two Platforms Inc, popularly known as TWO, for a 25% equity stake on a fully diluted basis. Pranav Mistry, an Indian-born scientist, formed the business to work on next-generation technologies such as artificial intelligence, machine learning, augmented reality, metaverse, web 3.0, and more.

TWO is an artificial intelligence startup company that aims to make the world a better place by providing AI-powered solutions and services. They have recently secured a $15 million funding from Jio, which is one of India’s leading telecom companies.

The fresh round of funding will be used to further develop their solutions and services. The company plans to use this funds for the development of their machine-learning driven data analytics platform, which will provide insights on customer habits and trends in the retail sector.

With this investment, we will accelerate the development of our technology platform that makes it easy, safe, and secure to have AI voice & video calls or chatbots in virtual reality environments. You can have avatars that are lifelike enough for gaming.

With their extensive ecosystem and huge subscriber base, Jio is an important part of India’s digital transformation.

Our team is excited to collaborate with Jio to build new innovations for the future. Their contribution will not only help us reach the next level but also introduce Artificial Reality applications to consumers and businesses at scale.

Prestigious brand, two, has worked with India’s largest telco Jio on showcasing their best products under one roof.

Mistry, who has been credited with some significant achievements in the tech business in recent years, started the company last year in 2021. Pranav Mistry, an IIT Bombay and Massachusetts Institute of Technology (MIT) alumnus, has previously worked for firms such as Samsung, Microsoft, Google, NASA, and others.

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