Glance is a software company that creates personalised content for smartphone lock screens using artificial intelligence. The company announced today that it will raise $200 million (roughly Rs 1,507 crore) in a new financing round to accelerate growth in Asia and expand into key global markets such as the United States, Brazil, Mexico, and Russia.
Jio Platforms, a subsidiary of Reliance Industries, will lead the new Series D round. The deal is conditional on customary closing conditions and regulatory approvals being met. Glance will be integrated into Jio Platforms’ revolutionary Pragati OS, which was co-developed by Google and Jio Platforms, to bring LIVE content to millions of Jio users’ Lock Screens, according to the company.
“Glance has grown at a phenomenal pace over the past two years and has given users a truly unique solution by unlocking the power of the lock screen for experiencing the internet, live content, creator-driven entertainment commerce, and gaming,” said Akash Ambani, Director of Jio Platforms.
The funding announcement comes 13 months after it raised $140 million in funding at a billion-dollar valuation. That round was participated by tech giant Google and global investment firm Mithril Capital.
Glance makes a lock-screen platform that allows users to see personalised content on their phones while their phones are locked. The company was founded in 2017 by Naveen Tewari, Rohan Choudhary, and Bikash Chowdhury. Users can enjoy content, products, and services of their choice, all delivered in an intuitive and visually stunning format, thanks to the Glance AI-driven mechanism.
Get to know the pulses of the Indian startup ecosystem in reality by attending “INDIA FIRST TECH STARTUP CONCLAVE & AWARDS’22-Delhi Chapter” organized by the All India Council for robotics and automation, supported by the Ministry of electronics and information technology.
The event is scheduled to be held on the 17th and 18th of February 2022, marking the biggest tech startup event this year. The event brings together the speakers that are the best breed of entrepreneurs, innovators, venture capitalists, government department’s representatives, business model creators, consultants, policy-makers, academicians, support groups, business coaches and business practitioners.
The Platform helps startups to ramp up their innovative ideas and show off their services and products to attract investors. The experts of the industry will address and discuss all the innovations happening around the startup environment that youth empowerment and new-age tech business ideas can grow.
Click to know more about India’s biggest tech startup event: https://www.aicra.org/events/delhi/index.php
