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Ollama Raises $65M Series B Funding Led by Theory Ventures to Enhance its Open-source AI Platform.

PRIVATEJul 09, 20263 months ago

Amount Raised

$65 Million

Round Type

Series B

Palo AltoSoftwareArtificial IntelligenceMachine Learning

Investors

Gtm Fund49 PalmsPace CapitalY Combinator8 VCBenchmarkTheory Ventures

Description

Ollama has announced a $65M Series B funding round led by Theory Ventures, with participation from multiple notable investors. This round brings Ollama's total funding to $88M. The funding will be used to further develop and scale Ollama's open-source AI platform. Ollama aims to make open models effortlessly usable for developers.

Company Information

Company

Ollama

Location

Palo Alto, California, United States

About

Ollama is the largest developer platform for open models, making them easy, efficient, and safe to use. With 8.9 million monthly active developers and over 67,000 integrations, it connects users to open models on their own devices or through the cloud. Founded by Jeffrey Morgan and Michael Chiang, Ollama has raised a total of $88 million in funding. The company aims to empower developers by providing accessible tools for AI model integration.

Fundz sees it the moment Ollama raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

2 contacts
Verified contactsJeffrey, CEO, Co-Founder hidden hiddenSee plans and pricing
Predictive Intelligence
Strategic

ML-powered predictions for Ollama's next move

See what Strategic adds

Funding Insights

Based on industry data
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Ollama raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 285,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.