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Venice AI becomes unicorn after $65M Series A funding round
3 sourcesFirst reported 21 days agoUpdated 20 days ago
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What all sources covered
- Venice AI has raised $65 million in a Series A funding round, achieving a valuation of $1 billion.
- The funding, which is the first external capital raised since the company's launch in May 2024, was led by Dragonfly.
- Venice AI is noted for its privacy-first approach to artificial intelligence amid growing concerns over data privacy.
- According to CEO Erik Voorhees, the company is already profitable with annualized revenue exceeding $70 million.
- This funding round solidifies Venice AI's status as a unicorn in the tech industry.
3 sources
Who reported first
TechCrunchFirst
The Block+4h
Cointelegraph+13h
All coverage
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Venice AI becomes a unicorn with $65M Series A as its privacy-first AI platform takes off
TechCrunch· 21 days ago
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Venice AI becomes unicorn after $65M Series A as AI privacy concerns grow
Cointelegraph· 20 days ago
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Venice AI raises $65 million Series A at $1 billion equity valuation led by Dragonfly
The Block· 21 days ago