Leading AI-based lockscreen platform Glance has agreed to raise $200m from Jio Platforms (Jio) in its ‘Series D’ funding round, pending approvals regulations.
According to Jio, the proposed investment aims to accelerate the launch of Glance in several key international markets. markets outside of Asia such as the United States, Brazil, Mexico and Russia. Notably, Glance aims to create the world’s largest live content and commerce ecosystem on the lock screen and will use the funds raised to expand globally.
Akash Ambani, Director of Jio Platforms, said, “Glance has experienced phenomenal growth over the past two years and has offered users a truly unique solution by unleashing the power of the lock screen to experience the internet, online content directly, the creators. the entertainment trade and games.”
“With this investment, Glance plans to launch in several key markets globally and expand the experience to millions of Jio users, furthering our commitment to providing the most advanced technology and technology. and higher level. digital ecosystem for consumers in India and beyond,” he added.
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In addition to Jio Platforms, Glance is also backed by tech giant Google and Silicon Valley-based venture capital fund Mithril Capital. Along with the proposed investment, Glance has also entered into a business partnership agreement with Reliance Retail Ventures, providing for the integration of Glance’s “lock screen platform” into JioPhone Next smartphones.
Additionally, the deal is also expected to lead to new strategic collaborations between Glance, Reliance Retail, and Jio across devices, commerce, content, and the gaming ecosystem. Currently, Glance’s lock screen platform is present on over 400 million devices in Asian markets.
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