Dragonfly Leads $65M Bet on Erik Voorhees’ Venice AI as Startup Reaches Unicorn Status

Venice AI, a privacy-focused artificial intelligence platform founded by Erik Voorhees and Jesse Proudman, has reached unicorn status. The startup closed a $65 million Series A funding round at a $1 billion post-money valuation. Dragonfly led the investment, with participation from Coinbase Ventures, North Island Ventures, Archetype, Morgan Creek Digital, and Liquid 2 Ventures. Venice AI provides a private alternative to mainstream services, ensuring that user prompts and responses are not stored by the company.