Lately, Dragonfly closed a profitable $65 million Collection A funding spherical for Venice AI, the privacy-focused synthetic intelligence platform based by famend Bitcoin advocate Erik Voorhees. Following this official announcement, the tech startup formally achieved unicorn standing by consolidating a post-money valuation of $1 billion, with further participation from strategic traders reminiscent of Coinbase Ventures and Morgan Creek Digital.
VVV and Capital
Measured by income, Venice has develop into the biggest firm on the intersection of AI and cryptoeconomics.
Right this moment, we introduced Venice’s first spherical of out of doors capital, a $65m Collection A led by @dragonfly_xyz, valuing Venice’s fairness at $1 billion.
Since we’re…
— Erik Voorhees (@ErikVoorhees) July 1, 2026
This monetary milestone highlights the rising convergence between decentralized applied sciences and synthetic intelligence within the international market. Venice AI notably stands out for processing 1.3 trillion tokens month-to-month via an strategy centered on knowledge sovereignty and client-side encryption, defending the interactions of its greater than 3 million lively customers in opposition to company mass surveillance. Moreover, the agency demonstrated operational energy by registering direct monetary profitability throughout the first quarter of this yr 2026 earlier than opening its capital to exterior funds.
The corporate will use the capital injection to construct its personal unbiased knowledge facilities, decreasing reliance on leased cloud infrastructure. This technical consolidation will enhance its financial mannequin primarily based on its native utility token, VVV, which skilled a direct 12.8% improve in its value after the funding settlement was disclosed.
Supply: https://x.com/ErikVoorhees/standing/2072336114950545755
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