Venice AI raises $65M Series A at $1B — privacy/uncensored AI unicorn
Erik Voorhees' Venice AI raised a $65M Series A led by Dragonfly (with Coinbase Ventures, North Island Ventures, F-Prime, Archetype, Morgan Creek, Liquid2) at a $1B valuation — first outside capital; >$70M annualized revenue; profitable sin
On 2026-07-01, the verified AI news record added a significant funding, m&a & markets development: Erik Voorhees' Venice AI raised a $65M Series A led by Dragonfly (with Coinbase Ventures, North Island Ventures, F-Prime, Archetype, Morgan Creek, Liquid2) at a $1B valuation — first outside capital; >$70M annualized revenue; profitable since Q1 2026.
Context
Erik Voorhees' Venice AI raised a $65M Series A led by Dragonfly (with Coinbase Ventures, North Island Ventures, F-Prime, Archetype, Morgan Creek, Liquid2) at a $1B valuation — first outside capital; >$70M annualized revenue; profitable since Q1 2026. 3.5M registered users, 1.3T tokens/month; funds first proprietary data center. Rare profitable-at-Series-A AI company; crypto-native investor base. Deal.
What changed
Erik Voorhees' Venice AI raised a $65M Series A led by Dragonfly (with Coinbase Ventures, North Island Ventures, F-Prime, Archetype, Morgan Creek, Liquid2) at a $1B valuation — first outside capital; >$70M annualized revenue; profitable since Q1 2026. According to TechCrunch (exclusive); company blog, the supporting record states: “Venice AI on Wednesday said it had raised a $65 million Series A at a $1 billion valuation, its first external fundraise. The round was led by crypto-focused venture firm Dragonfly…" (TechCrunch)”.
Why it matters
3.5M registered users, 1.3T tokens/month; funds first proprietary data center. Rare profitable-at-Series-A AI company; crypto-native investor base. Deal. The deal matters because it shows where investors and strategic buyers see durable AI demand, and because the terms provide a market signal that product announcements alone do not.
Deal box
- Development: Venice AI raises $65M Series A at $1B — privacy/uncensored AI unicorn
- Reported date: 2026-07-01
- Research confidence: high
- Primary source: TechCrunch (exclusive); company blog
Details
The research file records the item under “Venice AI raises $65M Series A at $1B — privacy/uncensored AI unicorn” with source timing of July 1, 2026. The captured research confidence note is: High. Additional captured source links are listed below so readers can inspect the evidence trail rather than rely on a single summary. 3.5M registered users, 1.3T tokens/month; funds first proprietary data center. Rare profitable-at-Series-A AI company; crypto-native investor base. Deal.
Limitations and caveats
The research file did not identify a blocking caveat, but vendor-supplied claims should still be read as company statements unless independently confirmed.
Sources
Update note: Last reviewed 2026-07-22. Next checkpoint: monitor official channels and the linked source record.
Sources
- TechCrunch (exclusive); company blog — reputable-press
- TechCrunch (exclusive); company blog — reputable-press
Drafted with AI assistance from source briefs; reviewed for citation completeness and label accuracy.