Erik Voorhees has spent most of his career arguing that people deserve financial privacy. Now he’s making the same argument about their conversations with AI, and venture capital is listening.
Venice AI, the generative AI platform Voorhees founded in mid-2024, officially crossed the unicorn threshold on July 1, 2026, closing a $65 million Series A at a $1 billion post-money valuation. The round was led by Dragonfly, the crypto-native venture firm, with Coinbase Ventures and North Island Ventures also participating.
What Venice actually does differently
Most AI platforms store your conversations on servers. Venice does not.
The platform encrypts user prompts at the client side before they ever leave the device, routes them through decentralized infrastructure, and keeps no server-side record of what was discussed. In plain terms: Venice is architected so that even Venice can’t read your chat history.
