Venice AI raised 1B valuation — first external round. Led by Dragonfly Capital; Coinbase Ventures and North Island Ventures participated.
Privacy-first platform: 200+ AI models, client-side encryption, no server-side data storage. 3M+ active users, 1.7M daily API calls, $70M+ ARR, already profitable per company. CEO Erik Voorhees (ShapeShift founder) plans GPU purchases and owned data centers for margin improvement.
VVV and DIEM crypto tokens exist; ~8% of users pay with crypto per TechCrunch.