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Venice AI Raises $65 Million in Series A Funding at $1 Billion Valuation, Led by Dragonfly

AirdropBlackHole
On July 1, Venice AI, an artificial intelligence platform focused on privacy protection, completed a $65 million Series A funding round, achieving a valuation of $1 billion and becoming a unicorn. This round was led by the crypto venture capital firm Dragonfly, with participation from Coinbase Ventures, NorthIsland Ventures, and 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 to have over 3 million active users, an annual revenue exceeding $70 million, and has already achieved profitability. The company plans to use the new funds to purchase graphics processing units and build its own data centers to reduce reliance on leased computing power and improve gross margins.
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