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Venice AI Secures $65M Funding, Sparks Data Security Debate
The funding round is Venice AIโs first external capital raise since it launched in May 2024.
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The funding round is Venice AIโs first external capital raise since it launched in May 2024.
Venice reached a $1 billion valuation as founder Erik Voorhees argued AI companies should protect users' conversations.
Erik Voorhees' crypto-AI startup Venice has raised $65 million in a Series A funding round at a $1 billion equity valuation, led by Dragonfly.
Venice AI is already profitable, with annualized run-rate revenues of over $70 million, CEO Erik Voorhees said.