Open-source AI developer tool Ollama raises $65M to grow its platform
, the largest artificial intelligence platform connecting developers to open models, today announced it has raised $65 million in a new funding round led by Theory Ventures. Benchmark, 8VC, Y Combinator, Pace Capital, 49 Palms, GTMFund, and other investors and angels also participated in the Series B round. Today's funding brings the company's total [...
Key Takeaways
- SiliconANGLE UPDATED 12:00 EDT / JULY 09 2026 AI Open-source AI developer tool Ollama raises $65M to grow its platform by Kyt Dotson Ollama Inc.
Today's funding brings the company's total raised to $88 million.
- "Ollama started as an open-source project, and has since grown into a community of millions of developers.
" Since its launch in 2023, the tool has been used by more than 8.
- The company's cloud inference pricing model competes with other developer-centric AI cloud inference providers such as Together Computer Inc.
that provide access to large models on a per-token pricing basis.
- Open models available in the company's catalog include GLM, Nemotron, DeepSeek, Kimi and MiniMax.
The company said that, on average, the cloud has more than doubled in token volume every month.
- cpp itself, the low-level engine Ollama itself builds on; vLLM, a production-scale multi-GPU tool; Jan, a fully open-source ChatGPT-style desktop app for cloud AI models; and MLX, a purely Apple silicon AI tool.
Stats & Key Facts
- #, the largest artificial intelligence platform connecting developers to open models, today announced it has raised $65 million in a new funding round led by Theory Ventures.
- #Benchmark, 8VC, Y Combinator, Pace Capital, 49 Palms, GTMFund, and other investors and angels also participated in the Series B round.
- #] The post Open-source AI developer tool Ollama raises $65M to grow its platform appeared first on SiliconANGLE.
- #SiliconANGLE UPDATED 12:00 EDT / JULY 09 2026 AI Open-source AI developer tool Ollama raises $65M to grow its platform by Kyt Dotson Ollama Inc.
SiliconANGLE UPDATED 12:00 EDT / JULY 09 2026 AI Open-source AI developer tool Ollama raises $65M to grow its platform by Kyt Dotson Ollama Inc. , the largest artificial intelligence platform connecting developers to open models, today announced it has raised $65 million in a new funding round led by Theory Ventures. Benchmark, 8VC, Y Combinator, Pace Capital, 49 Palms, GTMFund, and other investors and angels also participated in the Series B round.
Today's funding brings the company's total raised to $88 million. Ollama provides an easy-to-use tool that AI developers and engineers can run locally. With a single command, they can download and deploy AI models on their own local hardware or execute on more powerful models in Ollama's cloud.
"Open models should be easy to run, easy to build with and available wherever people need them - on your own machine, in the cloud, or both," said founder and Chief Executive Jeffrey Morgan. "Ollama started as an open-source project, and has since grown into a community of millions of developers. " Since its launch in 2023, the tool has been used by more than 8.
For more details please read the original article at SiliconANGLE AI.
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