# Venice AI Reaches $1B Valuation with $65M Series A

> Venice AI crossed into unicorn territory with a 65 million dollar Series A at a 1 billion dollar valuation, led by Dragonfly with Coinbase Ventures and North Island Ventures participating. The draw is its privacy-first design: the platform offers access to more than 200 AI models while declining to store any user prompts or responses at all. That positioning is pulling real usage, more than 3 million active users and over 70 million dollars in annual recurring revenue, striking for a company founded only in 2024 by crypto entrepreneur Erik Voorhees and Jesse Proudman. The new money is earmarked for engineering hires, GPU compute, and zero-knowledge security work meant to make the no-logging promise verifiable rather than just stated. It is a reminder that a sizable slice of users will pay specifically for AI that forgets them, and that privacy can be a product category rather than a compliance checkbox.

_Section: [AI Funding Tracker](https://www.wortins.com/funding) · Source: TechCrunch · Published Monday, July 13, 2026_

## Wortins' read

Venice AI crossed into unicorn territory with a 65 million dollar Series A at a 1 billion dollar valuation, led by Dragonfly with Coinbase Ventures and North Island Ventures participating. The draw is its privacy-first design: the platform offers access to more than 200 AI models while declining to store any user prompts or responses at all. That positioning is pulling real usage, more than 3 million active users and over 70 million dollars in annual recurring revenue, striking for a company founded only in 2024 by crypto entrepreneur Erik Voorhees and Jesse Proudman. The new money is earmarked for engineering hires, GPU compute, and zero-knowledge security work meant to make the no-logging promise verifiable rather than just stated. It is a reminder that a sizable slice of users will pay specifically for AI that forgets them, and that privacy can be a product category rather than a compliance checkbox.

## Source

[Read the full story at TechCrunch](https://techcrunch.com/2026/07/01/venice-ai-becomes-a-unicorn-with-65m-series-a-as-its-privacy-first-ai-platform-takes-off/)

## Related coverage

- [Open-Source Chinese AI Models Disrupting US Frontier Dominance as Pricing Pressure Mounts](https://www.wortins.com/story/open-source-chinese-ai-models-disrupting-us-frontier-dominan-52a245c5) — [Semafor](https://www.semafor.com/article/07/15/2026/us-grapples-with-rise-of-chinese-open-source-ai)
- [xAI launches Grok 4.5 specializing in coding, agents, and knowledge work](https://www.wortins.com/story/xai-launches-grok-4-5-specializing-in-coding-agents-and-know-8246856d) — [xAI](https://x.ai/news/series-e)
- [Harvey AI Leads July with $200M Series C at $2.1B Valuation](https://www.wortins.com/story/harvey-ai-leads-july-with-200m-series-c-at-2-1b-valuation-4d2d63ad) — [cnbc.com](https://www.cnbc.com/2026/03/25/legal-ai-startup-harvey-raises-200-million-at-11-billion-valuation.html)
- [Andrej Karpathy and Tom Blomfield Join Anthropic's Team](https://www.wortins.com/story/andrej-karpathy-and-tom-blomfield-join-anthropic-s-team-0d91a963) — [unrot.co](https://unrot.co/blogs/today-top-10-ai-news-july-15-2026/)
- [Scaled Cognition lands $100 million Series A for enterprise AI reliability](https://www.wortins.com/story/scaled-cognition-lands-100-million-series-a-for-enterprise-a-c0558e53) — [HPCwire](https://www.hpcwire.com/aiwire/2026/07/01/scaled-cognition-lands-100m-series-a-to-scale-reliable-enterprise-ai/)
- [Anthropic in talks with Samsung to build custom Claude inference chips at 2nm](https://www.wortins.com/story/anthropic-in-talks-with-samsung-to-build-custom-claude-infer-103c4a24) — [TechCrunch](https://techcrunch.com/2026/07/02/anthropic-is-discussing-a-new-custom-chip-with-samsung/)

---

_Curated and written by [Wortins](https://www.wortins.com) — The daily AI briefing. Every story links to its original source; the "Wortins read" on each is our own original analysis. [About Wortins & our editorial approach](https://www.wortins.com/about)._