Recently, Dragonfly closed a successful $65 million Series A funding round for Venice AI, the privacy-focused artificial intelligence platform founded by renowned Bitcoin advocate Erik Voorhees. Following this official announcement, the tech startup formally achieved unicorn status by consolidating a post-money valuation of $1 billion, with additional participation from strategic investors such as Coinbase Ventures and Morgan Creek Digital.
VVV and Capital
Measured by revenue, Venice has become the largest company at the intersection of AI and cryptoeconomics.
Today, we announced Venice’s first round of outside capital, a $65m Series A led by @dragonfly_xyz, valuing Venice’s equity at $1 billion.
Since we are…
— Erik Voorhees (@ErikVoorhees) July 1, 2026
This financial milestone highlights the growing convergence between decentralized technologies and artificial intelligence in the global market. Venice AI particularly stands out for processing 1.3 trillion tokens monthly through an approach centered on data sovereignty and client-side encryption, protecting the interactions of its more than 3 million active users against corporate mass surveillance. Furthermore, the firm demonstrated operational strength by registering direct financial profitability during the first quarter of this year 2026 before opening its capital to external funds.
The company will use the capital injection to build its own independent data centers, reducing reliance on leased cloud infrastructure. This technical consolidation will boost its economic model based on its native utility token, VVV, which experienced an immediate 12.8% increase in its price after the investment agreement was disclosed.
Source: https://x.com/ErikVoorhees/status/2072336114950545755
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