Venice AI raises $65M in Series A funding

Venice (VVV) AI has raised $65 million in a Series A funding round, achieving a valuation of over $1 billion, TechCrunch reported. The round was led by Dragonfly Capital, with participation from Coinbase Ventures and North Island Ventures. Venice AI is a Switzerland-based, privacy-focused AI platform that stores user conversations exclusively on their devices and supports uncensored, unlimited text, image, and video generation. The company plans to use the new capital to build its own data centers and secure GPUs.