This page may contain stale information. Last updated: 2026-07-01
Overview
Venice AI is a privacy-first AI platform founded 2024 by erik-voorhees (former ShapeShift CEO). Offers 200+ models with client-side encryption and no server-side data storage — counter-narrative to centralized openai/anthropic providers.
Metrics (July 2026, company-reported)
- Valuation: 65M Series A
- Users: 3M+ active; 1.7M daily API calls
- Revenue: $70M+ ARR; profitable before first external round
- Crypto payments: ~8% of users (VVV/DIEM token system)
Profitability and user metrics self-reported via funding announcement — no independent audit cited.
Funding
- July 1, 2026: $65M Series A — first external round
- Lead: Dragonfly Capital
- Participants: coinbase Ventures, North Island Ventures
Strategy
Vertical integration: purchasing GPUs and building owned data centers to improve margins. Closing capability gap with ChatGPT per CEO interviews.