# Venice.ai Raises $65M Series A at $1B Valuation

> Source: <https://letsdatascience.com/news/veniceai-raises-65m-series-a-at-1b-valuation-e4055e32>
> Published: 2026-07-10 02:15:31+00:00

Privacy-preserving AI platforms change operational trade-offs for practitioners by shifting data custody and compliance risk away from vendors and toward client-side systems. Venice.ai raised **$65 million** in a Series A led by **Dragonfly** at a **$1 billion** valuation, its first outside funding round, according to the company blog and reporting by TechCrunch and Binance. Venice's own blog states the platform offers access to **200+** models, never logs prompts, stores conversations locally, and serves **3.5 million** registered users while processing **1.3 trillion** tokens per month. TechCrunch and other outlets report slightly different metrics, roughly **3 million** active users, about **1.7 million** API calls per day, and an annualized run-rate revenue north of **$70 million**, which TechCrunch attributed to CEO Erik Voorhees. Investors named in coverage include Dragonfly, Coinbase Ventures, North Island Ventures, and F-Prime.