TechFlow reports, July 1, according to TechCrunch, privacy-focused AI platform Venice AI completed a $65 million Series A financing round, with a valuation reaching $1 billion, becoming a unicorn company. This round was led by crypto VC firm Dragonfly, with participation from Coinbase Ventures, North Island Ventures, among others.
Venice AI stated that the platform provides access to over 200 AI models and emphasizes user data privacy protection and a "low-censorship" experience. The company claims it currently has over 3 million active users, annualized revenue exceeds $70 million, and has achieved profitability.
The company plans to use the new funds to purchase graphics processors and build its own data centers to reduce reliance on leased computing power and improve gross margins.
