News section
Venice AI raises $65 million Series A at $1 billion equity valuation led by Dragonfly
Erik Voorhees’ crypto-AI startup Venice AI has raised $65 million in a Series A funding round at a $1 billion equity valuation, led by Dragonfly.In return, investors received an 8.98% equity stake, a vesting grant of 1.5 million VVV tokens, and warrants to buy another 5 million VVV tokens over the next eight years, Voorhees said.
2026-07-02 02:24:00
Venice AI Valued at $1 Billion as Erik Voorhees Makes the Case for Private ChatGPT Rivals
Venice reached a $1 billion valuation as founder Erik Voorhees argued AI companies should protect users' conversations.
2026-07-01 20:38:40
Venice and Morpheus tokens climb as US ban on Anthropic's Fable 5 fuels 'permissionless AI' pitch
Tokens tied to decentralized AI projects Venice (VVV) and Morpheus (MOR) jumped after the U.S. government ordered Anthropic to disable its new Fable 5 and Mythos 5 models for foreign national users on Friday.Anthropic disabled the models for all users in response to the order.Venice founder Erik Voorhees and the official Morpheus account seized on the shutdown, casting it as proof that “permissionless” AI cannot be switched off by a government, though their models are less powerful.
2026-06-14 04:04:00
