Ollama secures $65M in Series B funding to make open-source models more user-friendly

Ollama secures $65M in Series B funding to make open-source models more user-friendly

2026-07-09 23:03

ChainThink News, July 9: According to recent reports, the open-source model tool Ollama has completed a $65 million Series B funding round, led by Theory Ventures, with participation from Benchmark, 8VC, Y Combinator, and others, bringing its total funding to $88 million.

Ollama primarily provides developers with tools to run open-source models locally and offers APIs for application integration. The company claims it currently serves 8.9 million developers and is utilized by 85% of Fortune 500 enterprises.

The official statement also notes that its cloud service token usage doubles or more each month on average. The new funding will be used to advance hybrid local-and-cloud inference, enable first-day support for new models, and expand team cloud capabilities.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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