Venice $65 million Series A announcement over an aerial view of Venice at dawn

Venice Raises $65 Million Series A at a $1 Billion Valuation

Venice raised a $65 million Series A led by Dragonfly at a $1 billion valuation, its first outside capital, to scale private, unrestricted AI globally.

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Tl;dr

  • Venice is a private, unrestricted AI platform that gives users access to more than 200 leading AI models across text, image, video, and audio.
  • Venice raised a $65 million Series A led by Dragonfly, with backing from Coinbase Ventures, F-Prime, North Island Ventures, and others.
  • The round values Venice at $1 billion, roughly two years after public launch, and is the first outside capital the company has raised.
  • Venice never logs prompts. Conversations are stored on the user's device, not on Venice's servers.
  • Venice serves 3.5 million registered users and processes 1.3 trillion tokens per month.
  • The funds scale Venice's consumer app and API globally.

The privacy problem Venice solves

More of how people reason, create, and decide now runs through AI. That makes the AI layer the most sensitive surface in a person's digital life, and most providers treat it as data to keep.

Major AI providers store user data permanently. Every prompt is logged, analyzed, and tied to the user's identity. That record can be sold, hacked, subpoenaed, or handed to a government.

As AI becomes the primary gateway to the digital world, that is not a footnote on privacy. It is surveillance aimed at the most personal thing a person has: their thoughts.

"Intelligence, the lifeblood of civilizational advancement, is becoming a collaboration between man and machine," said Erik Voorhees, founder and CEO of Venice. "Venice's mission is to protect it from mass surveillance and censorship."

How Venice keeps your AI conversations private and uncensored

Venice is built so the company never possesses user data in the first place. This is the distinction that matters. Venice does not promise to be a careful steward of information it collects. The product is designed so there is nothing to collect.

Venice never logs prompts. Conversations are stored locally, on the user's own device, not on Venice's servers. Personal information stays out of corporate and government databases. Read more about our privacy architecture.

Venice also does not decide what users can ask. The platform adheres to the principle of free speech. It does not censor the models or restrict which questions users submit. The tool answers to the individual, not to Venice, a corporation, or a government.

Through one platform, users get private access to more than 200 frontier and open-source models across text, image, video, and audio. No account surveillance. No permanent record. No gatekeeping on what a person is curious about.

Venice growth by the numbers

Erik Voorhees founded Venice in 2024 to enable billions of people to use machine intelligence without sacrificing their privacy. Since launch, the platform has grown fast:

  • 3.5M registered users
  • 1.3T tokens processed per month
  • 2M API calls per day from developers, peaking above 2.1M
  • 300K inference requests per hour at peak
  • 1.3M to 1.6M site visits per month from roughly 850K to 1M unique visitors

The token economy tracks the same growth. 33.7 million VVV has been burned, about 42 percent of the total supply, and emissions step down from 4 million to 3 million per year on July 1, tightening supply as demand rises.

What Venice's $65M Series A funds

This Series A scales Venice's consumer app and API globally, enabling more people and more agents to access private, unrestricted intelligence wherever they are.

Venice is available on web, mobile, and API. Private by default, open by design, and free to start.

Try it at venice.ai.

View Erik's X article.

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