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

PRIVATEJul 09, 2026•about 1 month 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.

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Strategic

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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