VirtualBox Errors after upgrade of Host OS

Host: Mac OS Ventura

Guest: Oracle VirutalBox 6.1

After the recent OS upgrade to Ventura on Mac, I am not able to start my virtual box. It used to work perfectly before the upgrade. I have tried other versions of virtualbox, such as 7.0, but I am still getting the following error.

Any help would be appreciated .

Thanks.

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The virtual machine 'Oracle Linux 9' has terminated unexpectedly during startup with exit code 1 (0x1).

Result Code:

NS_ERROR_FAILURE (0x80004005)

Component:

MachineWrap

Interface:

IMachine {85632c68-b5bb-4316-a900-5eb28d3413df}

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