Venice, the privacy-first AI platform founded by Erik Voorhees, raised a $65 million Series A at a $1 billion valuation led by Dragonfly, its first outside capital since launch.

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.