Venice crosses $100M in annualized revenue as privacy-first AI model gains traction

Venice AI, the privacy-focused generative AI platform founded by Erik Voorhees, has hit $100 million in annualized revenue run-rate. For a company that didn’t exist two years ago, that’s the kind of trajectory that makes incumbents nervous and investors salivate. The milestone lands barely a month after Venice reported north of $70 million ARR during its $65 million Series A round, which valued the company at $1 billion. The “forget everything” business model Venice AI’s core pitch is simple: use any of its 200-plus AI models, and the platform won’t remember a thing about you afterward. It processes the request, delivers the output, and purges the interaction. That policy has resonated with more than 3 million monthly active users. The platform processes millions of API calls daily, a volume that speaks to both consumer adoption and developer integration. Voorhees, who previously founded ShapeShift and has been a prominent figure in crypto for over a decade, built Venice around the thesis that privacy and AI shouldn’t be mutually exclusive. Venice was already profitable when it raised its Series A in July 2026. The $65 million raise from investors including Dragonfly and Coinbase V...