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Venice AI's privacy-focused approach could redefine data security standards in AI, influencing broader tech industry practices and user expectations. The post Venice AI hits $1B valuation as Erik Voorhees bets big on privacy appeared first on Crypto Briefing.
Erik Voorhees' privacy-first AI platform Venice landed a $65 million Series A at a $1 billion equity valuation, its first outside capital, after hitting profitability in Q1.
Venice reached a $1 billion valuation as founder Erik Voorhees argued AI companies should protect users' conversations.
Venice AI, the privacy-focused artificial intelligence (AI) platform founded by bitcoin advocate Erik Voorhees, closed a $65 million Series A round at a $1 billion post-money valuation. Crypto venture firm Dragonfly led the round. Coinbase Ventures, North Island Ventures, Archetype, Morgan Creek Digital, and Liquid 2 Ventures also participated. The July 1 announcement marks Venice’s […]
Venice AI is already profitable, with annualized run-rate revenues of over $70 million, CEO Erik Voorhees said.
