Venice AI
Private, uncensored AI platform — encrypted, no-logs access to open-source and frontier models.
Artificial Intelligence
📍 Seattle, WA
Founded 2023
Current Valuation
$1.0B
as of 2026-Q3
UNICORN
Venice AI is a privacy-first AI platform founded by crypto veteran Erik Voorhees and Jesse Proudman that hosts uncensored open-source models on its own infrastructure and routes to closed frontier models, with all input encrypted and no data retained. Its $65M Series A in July 2026 — first external raise, led by Dragonfly with Coinbase Ventures and North Island Ventures — valued it at $1B. The company reports ~$70M annualized run-rate revenue, 3.5M+ registered users, 1.3T tokens/month, and profitability since Q1 2026.
Company Profile
Est. Revenue
$70M (2026-Q3)
Growth
~$70M ARR, profitable since Q1 2026
Last Round
Series A — $65M (Jul 2026) · Lead: Dragonfly
Fundraising Status
Series A · $65M · this month
privateTotal raised $65M
Latest Funding Round
| Round | Amount | Date | Lead Investor | Post-Money |
|---|
| Series A | $65M | Jul 2026 | Dragonfly | — |
Founders & Key People
Erik VoorheesJesse Proudman
Investors
Dragonfly · Coinbase Ventures · North Island Ventures
Products
- Venice private AI chat
- Uncensored open-source model hosting
- Client-side encrypted model proxy
- Venice API
Competitors
OpenAI (ChatGPT) · Anthropic (Claude) · Perplexity · DuckDuckGo AI · Brave Leo
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Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2026-Q3. Refreshed quarterly.