Venice AI Raises $65M Series A at $1B Valuation

[ad_1] The Erik Voorhees-founded Venice AI has achieved unicorn status after raising $65 million in Series A funding at a $1 billion valuation.  Led by Dragonfly and with backing from Coinbase Ventures, F-Prime, North Island Ventures, Morgan Creek and others, the funding round announced on Wednesday marks the company’s first external capital raise since launching…

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Venice AI Valued at $1 Billion as Erik Voorhees Makes the Case for Private ChatGPT Rivals

[ad_1] In brief Venice AI raised $65 million at a $1 billion valuation in its first outside funding round. Founder Erik Voorhees said the company has surpassed 3 million users and become profitable. Voorhees argued AI surveillance—not model capability—is becoming the industry’s defining challenge. Venice AI has raised $65 million in its first outside funding…

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