Venice AI raises $65M at a $1B valuation, led by Dragonfly. Erik Voorhees's privacy-first AI platform has 3M users and $70M ARR.

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.