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.

Venice AI reaches unicorn status with a $65M Series A funding. FDV above $50M one day after launch at 93.9% YES.