Jio Platforms Acquires 25% Stake in Silicon Valley-Based Deep Tech Startup Two Platforms For USD 15 Million
Jio Platforms acquires 25 percent stake in US-based Two Platforms for USD 15 million.
Digital service company Jio Platforms on Friday announced an investment of USD 15 million in Silicon Valley-based deep tech startup Two Platforms. Jio Platforms acquired 25 percent equity stake on a fully diluted basis. Founded by former Samsung Technology and Advanced Research president and CEO Pranav Mistry, Two Platforms is an artificial reality company with focus on building interactive and immersional AI experiences.
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Jio Platforms acquires 25 pc stake in US-based Two Platforms for USD 15 mn: Statement
— Press Trust of India (@PTI_News) February 4, 2022
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(The above story first appeared on LatestLY on Feb 04, 2022 05:42 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
