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New Deal


Announced

Jio Platforms to invest $15m in Two Platforms.

Financials

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Transaction Value£11m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Acquisition

artificial reality

Friendly

Software

Minority

Pending

Private

Cross Border

United States

Single Bidder

Synopsis

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Jio Platforms, a subsidiary of of Reliance Industries, agreed to invest $15m in Two Platforms, an artificial reality company focusing on building interactive and immersional AI experiences. “We are impressed with the strong experience and capabilities of the founding team at TWO in the areas of AI/ 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,” Akash Ambani, JPL Director.

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