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Ollama Completes $65M Series B Funding Round Led by Theory Ventures

2026-07-09 15:05:38

TOKEN3.04%

According to Beating, Ollama, an open-source model tool, completed a Series B funding round of $65 million, with Theory Ventures leading and Benchmark, 8VC, and Y Combinator participating. The company's total funding now reaches $88 million.

Ollama currently serves 8.9 million developers and is used by 85% of Fortune 500 companies. The platform's cloud service is growing rapidly, with token usage doubling monthly. The new capital will be directed toward hybrid local and cloud inference, first-day support for new models, and expanding cloud services.

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Market Whisper10h ago

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