Minute Media completed the acquisition of VideoVerse from Moneta Ventures.

Minute Media, a global technology and sports content company, completed the acquisition of VideoVerse, an AI-powered video solutions provider, and its AI-driven SaaS platform, Magnify, from Moneta Ventures, an early-stage venture capital firm. Financial terms were not disclosed. "The acquisition allows us to incorporate AI creation capabilities into our platform, while giving VideoVerse the distribution and monetization solutions it needs to better serve customers around the world," Asaf Peled, Minute Media Founder and CEO.