Indian AI Content Start-Up Gets $ 45 Million From Peter Thiel's Mithril

INSUBCONTINENT EXCLUSIVE:
personalize content for smartphones.Mithril Capital, co-founded by Silicon Valley investors Thiel and Ajay Royan, is putting in the money as
part of a larger financing round, according to a statement
users, delivers customized videos and information to people's smartphones, with new interactive content every time users wake up their
phones
As of August, users spend an average of 22 minutes a day on Glance.A new generation of content companies are turning to artificial
intelligence, rather than people, to win over new users
China's Bytedance used the technology to create a hit news service called Toutiao before finding bigger success with the TikTok viral
video service
The Beijing-based company is now the most valuable startup in the world.Glance plans to use the new funds to launch several new services,
including a short-form video platform, a destination for casual gamers and a shopping application
As part of Mithril's investment, Ajay Royan has joined the startup's board."We share Glance's global vision of breaking through the
constraints of application architectures and linguistic markets to deliver rich, frictionless, and engaging experiences across a myriad of
cultures and languages," he said in the statement.Get Breaking news, live coverage, and Latest News from India and around the world on
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