Venice AI becomes unicorn with $65M Series A, already posting $70M run-rate revenue

Venice AI has raised $65 million in a Series A funding round, achieving unicorn status with a valuation above $1 billion. CEO Erik Voorhees said the company is already profitable, with annualised run-rate revenues exceeding $70 million. The privacy-first AI platform is built on a decentralised model designed to appeal to users concerned about data security.