Jio Platforms Limited has announced an investment of $15 million in Two Platforms Inc. (TWO), a Silicon Valley based deep tech startup, for a 25 per cent equity stake on a fully diluted basis.

TWO is an artificial reality (AR) company with focus on building interactive artificial intelligence (AI) experience. After text and voice, TWO believes the next chapter of AI is visual and interactive. TWO’s AR platform enables real-time AI voice and video calls, digital humans, immersive spaces and lifelike gaming. TWO 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.

The founding team at TWO has several years of leadership experience in research, design and operations with leading global technology companies.

TWO will work collaboratively with Jio to fast-track the adoption of new technologies and build disruptive technologies such as AI, metaverse, and mixed realities.

Commenting on the investment, Akash Ambani, director, Jio, said, “We are impressed with the strong experience and capabilities of the founding team at TWO in the areas of AI, machine learning (ML), AR, metaverse and Web 3.0. We look forward to working together with TWO to help expedite development of new products in the areas of interactive AI, immersive gaming and metaverse.”

Meanwhile, Pranav Mistry, CEO, TWO, said, “Jio is foundational to India’s digital transformation. We at TWO are excited to partner with Jio to push the boundaries of AI and introduce applications of AR to consumers and businesses at scale.”