Artificial intelligenceOllama Secures $65M and Reaches 9M Users
Ollama, a leading open-source tool for developers to run AI models on local devices, has closed a $65 million Series B funding round. Led by Theory Ventures, the round brings the company's total funding to $88 million since its 2023 launch. With nearly 9 million monthly active developers—including 85% of Fortune 500 corporations—Ollama simplifies AI model deployment through both free and paid cloud-based solutions. The platform abstracts hardware limitations, enabling developers to focus on application development rather than infrastructure management.
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