Ollama, a popular open source AI tool, has raised $65 million in Series B funding led by Theory Ventures. The company has now raised a total of $88 million. Ollama helps developers run open-weight AI models on their PCs, getting them up and running in minutes.
The company has amassed 176,000 stars and nearly 17,000 forks on GitHub, with over 8.9 million developers using the tool every month. Ollama's cloud business hosts larger, more complex models, with several subscription tiers, from free to $100/month.
The funding round follows a previous $15 million Series A led by Benchmark's Peter Fenton, who joined the board. Fenton praised Ollama's founders, Jeff Morgan and Michael Chiang, for their experience in building Docker Desktop, saying they have the creative power to create a product that goes to ubiquity for developers.
