As of 14 Oct 2026, Ollama has raised $65M across 1 verified round on record; latest: $65 million Series B led by Theory Ventures, announced 9 Jul 2026.
Platform that lets developers run AI models locally
ollama.comLinkedInPALO ALTO, Calif.AI
11 sources
Published by hand (businesswire.com): "today announced a $65M Series B funding round led by Theory Ventures": Checked by hand: Ollama's own release (Business Wire, July 9) states the $65M Series B.
| Round | Amount | Announced | Lead | Buzz |
|---|---|---|---|---|
| Series B [ HISTORY ]: An earlier round, from the company's own announcement, found while researching the company. Checked like any round, but not new, so it stays out of the daily feed and alerts; a date range shows it. | $65M $88M to date | 2026-07-09 | Theory Ventures | No recent discussion |
11 sources [ VERIFIED ] read against 4 of 11 sources Published by hand (businesswire.com): "today announced a $65M Series B funding round led by Theory Ventures": Checked by hand: Ollama's own release (Business Wire, July 9) states the $65M Series B. | ||||
Ollama gives developers an easy way to run and build with open AI models locally on their own devices or in the cloud.
Ollama addresses the difficulty of getting open models running by giving developers a simple local app and API, while its cloud extends access to models too large for personal computers without giving up the company's stated ownership, affordability, and privacy goals. The bet has meaningful traction—8.9 million monthly developers, use within 85% of the Fortune 500, and more than 67,000 integrations—and the $88M raised is intended to fund hybrid inference, rapid support for new open models, community investment, and cloud expansion.
Checked against 8 sources 6d ago
| EARLIER ROUNDS FROM COMPANY RESEARCH · DEVELOPING | ||||
| Series A | $15 million | undated | Benchmark, Peter Fenton | |
Also named as backers in company research: Peter Fenton, Tomasz Tunguz, Alex Kolicich, Garage Capital, Solomon Hykes, Aaron Katz, Spencer Kimball, Quinn Slack, Marianna Tessel, Michael Montano