From 3.5 Million to 4 Million in Six Weeks Privacy-focused AI platform Venice (@AskVenice) has crossed 4 million registered users, the company announced on X, adding roughly half a million ac
Privacy-focused AI platform Venice (@AskVenice) has crossed 4 million registered users, the company announced on X, adding roughly half a million accounts in the six weeks since closing its landmark funding round. At the time of that round, Venice reported 3.5 million registered users and was processing 1.3 trillion tokens per month.
The growth comes at a notable pace for a platform that only launched in 2024. Venice provides access to open-source and frontier AI models through a zero-retention privacy architecture in which user prompts and AI responses are never stored on company servers, with all conversation history maintained exclusively in the user's local browser storage. That proposition has clearly resonated: the platform processes 1.3 trillion tokens per month and handles over 1.7 million daily API calls, and it turned profitable in the first quarter of 2026, a rare outcome in an industry where many AI firms still burn cash.
The native $VVV token trades near $12.38, up about 9% on the week. Venice plans to continue using a portion of its monthly revenue to buy back and burn $VVV tokens while reducing token emissions over time.
Erik Voorhees' crypto-AI startup Venice raised $65 million in a Series A at a $1 billion equity valuation, led by Dragonfly, with participation from North Island Ventures, Coinbase Ventures, F-Prime, Archetype, Liquid2 Ventures, Morgan Creek, and others. It was Venice's first round of outside capital.
Voorhees said Venice intentionally waited until after launching both its product and token before bringing in venture investors. The company plans to use the capital to purchase GPUs and build its own data centers to transition away from leasing infrastructure and to improve its gross margins.
In return for the $65 million investment, Series A investors received an 8.98% equity stake in Venice AI, a vesting grant of 1.5 million Venice (VVV) tokens, and warrants giving them the right to purchase another 5 million $VVV tokens during the next eight years.
Sources:TechCrunch: Venice AI becomes a unicorn with $65M Series A | Venice AI official blog: Venice Raises $65 Million Series A | The Block: Venice AI raises $65 million Series A led by Dragonfly
