Open-source AI developer tool Ollama raises $65M to grow its platform
Ollama Inc., the largest artificial intelligence platform connecting developers to open models, today announced it raised $65 million in Series B funding led by Theory Ventures.
Benchmark, 8VC, Y Combinator, Pace Capital, 49 Palms, GTMFund, and other investors and angels also participated in the round. Today’s funding brings the company’s total raised to $88 million.
Ollama provides an easy-to-use tool that AI developers and engineers can run locally. With a single command, they can download and deploy AI models on their own local hardware or execute on more powerful models in Ollama’s cloud.
“Open models should be easy to run, easy to build with, and available wherever people need them — on your own machine, in the cloud, or both,” said Chief Executive and co-founder Jeffrey Morgan. “Ollama started as an open-source project, and has since grown into a community of millions of developers.”
