Ollama raises $65M, grows to nearly 9M users
4 hours ago
- #AI
- #Venture Capital
- #Open Source
- Ollama raised $65 million in Series B funding led by Theory Ventures, bringing total funding to $88 million.
- The tool allows developers to run open-weight AI models locally and on its cloud platform with subscription tiers.
- Founded by former Docker Desktop team members, Ollama aims to simplify AI model usage similarly to Docker's containerization.
- Ollama has 8.9 million monthly users, serves 85% of Fortune 500 companies, and operates with only 14 employees.
- The company's cloud business grew after open models gained capabilities for agentic tasks like coding in early 2024.
- Ollama represents a trend of open-source AI projects attracting venture capital, despite some community concerns about commercialization.