Blue Box Group
Facts
- HQ
- Seattle, United States
- Sectors
- Cloud hosting
- Stage
- Acquired
Venice Raises $65M Series A at $1B Valuation Following 12x Surge in VVV Token Within Six Months
Privacy AI platform Venice raised $65 million in Series A funding at a $1 billion valuation after its token VVV surged 12x in six months. The funding will build Venice's first data center to reduce GPU leasing reliance, marking the company's first external equity investment since founding.
Venice.ai Raises $65M at $1B Valuation for Privacy-Focused AI Led by Erik Voorhees and Jesse Proudman
Venice.ai, founded by CEO Erik Voorhees and CTO Jesse Proudman, raised $65 million in Series A funding at a $1 billion valuation to provide a privacy-focused AI service that does not store user prompts or responses. The company aims to compete with mainstream AI services by offering unfiltered, on-device conversations through a range of open-source and commercial AI models.
Venice.ai founder Jesse Proudman leaves Washington after 'millionaire tax' prompts exodus of business leaders
Tech entrepreneur Jesse Proudman, founder and CTO of Venice.ai, is leaving Washington State, saying the state's new 'millionaire tax' and a hostile tax climate have driven him and other business leaders to relocate. He described Washington as shifting from a 'startup sanctuary' to a place that 'villainizes' companies.
Seattle Digital Assets Startup Strix Leviathan Acquired by New York Crypto Hedge Fund Parataxis
Seattle fintech startup Strix Leviathan, founded by Jesse Proudman and Sadie Raney in 2018, was acquired by New York-based crypto hedge fund Parataxis, with key leadership transitions following the deal.
Betterment to acquire Seattle crypto robo-advisor Makara, joining crypto investing to its $32B platform
Betterment agreed to acquire Seattle crypto robo-advisor Makara, which launched in May 2021 and offers thematic crypto baskets; Betterment manages $32 billion for nearly 700,000 clients. Makara spun out of Strix Leviathan, was founded by Jesse Proudman and others, and raised about $3 million in seed funding while pursuing a Series A.
Strix Leviathan founders launch Makara robo-advisor; SEC-registered, raised $2M and launched mobile app
Seattle crypto startup Strix Leviathan spun out Makara, a robo-advisor that builds thematic baskets to simplify investing in digital assets; Makara is an SEC-registered investment adviser, raised $2 million, and launched a mobile app.
