The Israeli entreprenuer launched Moonscape Ventures today, a $120 million investment company that will invest in the “Internet of Things, Smart Cities, Big Data and Media Startups,” according to a news release.
As its first signature move, Moonscape has announced a $3.1 million investment in a start-up called SocialStudios, which takes social media data and automatically morphs it into personalized video content. Kochavi’s company, Vocativ, which is a digital news content creator that tells stories from the “deep web,” will be the first company to use SocialStudio’s technology.
“As part of our commitment to providing cutting edge technology solutions, we are proud to announce the launch of Moonscape Ventures. Companies in the Moonscape portfolio will benefit from our deep experience, global network and partnership opportunities,” Kochavi said. “By leveraging our unique access and experience, star-tups will be well poised to transform their innovative ideas into disruptive technologies.”
“SocialStudios creates highly personalized video content and we’re excited to partner with Vocativ to bring our technology to millions of people throughout the world,” said Moshi Delgo, founder of SocialStudios. “We’re proud to join Moonscape’s portfolio as its first investment. The team is dedicated, knowledgeable and, through them, we’ve had access to exciting opportunities that position us to grow quickly.”
SocialStudio’s will be folded into Vocativ’s offerings this fall.