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

Venice.ai raised $65 million in a Series A funding round led by Dragonfly at a $1 billion valuation, marking its first outside investment. The privacy-preserving AI platform serves 3.5 million registered users, processes 1.3 trillion tokens monthly, and generates over $70 million in annualized revenue.

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.