Ollama Raises $65M Series B Funding to Grow Its Open-Source AI Platform

Ollama raises $65M for its open-model AI platform

Ollama has raised a $65M Series B led by Theory Ventures. Benchmark, 8VC, Y Combinator and others joined. The round takes the company’s total funding to $88M, three years after it launched, and Ollama set out the plan in a blog post on Thursday. Founder and chief executive Jeff Morgan gave the details to TechCrunch, […] This story continues at The Next Web

Ollama Raises $65M Series B Funding to Grow its Open-source AI Platform

PALO ALTO, Calif.--(BUSINESS WIRE)--Jul 9, 2026-

Popular open source AI developer tool Ollama raises $65M, grows to nearly 9M users

Benchmark-backed Ollama has amassed 176,000 stars, and nearly 17,000 forks on GitHub by helping developers easily run AI on their PCs.

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 has raised $65 million in a new funding round led by Theory Ventures. Benchmark, 8VC, Y Combinator, Pace Capital, 49 Palms, GTMFund, and other investors and angels also participated in the Series B round. Today’s funding brings the company’s total […] The post Open-source AI developer tool Ollama raises $65M to grow its platform app…