Key facts
- Ollama, an open-source AI developer tool, has raised $65 million in Series B funding.
- The company has grown to nearly 9 million users.
- Ollama helps developers run open-weight AI models on their PCs.
- The funding round was led by Theory Venture.
- Ollama's total funding now stands at $88 million.
Ollama, a popular open-source tool designed to help developers run AI models on their personal computers, has successfully raised $65 million in a Series B funding round led by Theory Venture. This latest investment brings the company's total funding to $88 million, following a previous $15 million Series A round. Launched in 2023, Ollama has rapidly gained traction among developers, boasting nearly 9 million users and significant adoption within 85% of Fortune 500 companies. The tool simplifies the process of setting up and running open-weight AI models, addressing a gap identified by its founders, who previously worked on Docker and Kitematic. Ollama offers various subscription tiers for accessing larger models hosted on its cloud infrastructure, with pricing based on GPU time rather than token limits. The company's success is seen as a validation of the growing trend towards open-weight AI models for enterprise use, complementing rather than replacing closed-source alternatives.