Venice AI Secures $65 Million Series A Investment At $1 Billion Valuation

Venice AI, a privacy-focused AI platform offering access to more than 200 AI models, raised a $65 million Series A round at a $1 billion valuation, making it a unicorn in its first external funding round. The financing was led by Dragonfly, with participation from Coinbase Ventures, North Island Ventures, and others, and will be used to purchase GPUs and build the company's own data centers. CEO Erik Voorhees said Venice AI is already profitable, with annualized run-rate revenue exceeding $70 million, as the company continues to grow its privacy-first alternative to mainstream AI platforms. FOUNDER: Erik Voorhees INVESTORS: Dragonfly, Coinbase Ventures, North Island Ventures ROUND: Series A AMOUNT: $65,000,000 VALUATION: $1,000,000,000 HQ: Sheridan, Wyoming #VentureCapital #VeniceAI #ErikVoorhees #TradedVC

More Deals

View All

Mach Industries Secures $600 Million Series C Funding At $3.7 Billion ValuationMach Industries, a Huntington Beach, California-based defense tech startup founded and led by 22-year-old Ethan Thornton, raised $600 million in a Series C extension at a $3.7 billion valuation, doubling its $1.8 billion valuation from a $300 million round announced in June. Investors across both tranches include Ribbit Capital, Infinite Capital, Bedrock Capital and Sequoia, with Mach building unmanned military vehicles, weapons, counter-drone systems and propulsion technologies. FOUNDER: Ethan Thornton INVESTORS: Ribbit Capital, Infinite Capital, Bedrock Capital & Sequoia ROUND: Series C AMOUNT: $600,000,000 VALUATION: $3,700,000,000 HQ: Huntington Beach, California #VentureCapital #MachIndustries #EthanThornton #TradedVC