yes he is. Very versatile champion. He does not really need the AG. I would keep that for now. But if you really do want to rank 4 a champ. You won`t waste it on Venom. personally I think you can wait. If you have 2 more rank 4 champs and the gem is the only thing keeping you from going Paragon I would use it on venom. Other than that, I would wait. Venom is unlikely to do anything meaningful for your prestige either.
I love Venom but he’s a bit too niche to be your first R4, a lot of cosmics have surpassed him now. He’s also low prestige and there’s nothing wrong with keeping an eye on that even if it’s not your priority.
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VP, KG, Angela and Sersei