# 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/)

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