Overview
- Ollama announced a $65 million Series B, a move the company said on Thursday increases its total funding to $88 million.
- The company says it serves about 8.9 million developers monthly and is used inside roughly 85% of the Fortune 500.
- Ollama’s core product lets developers run open-weight models locally on their machines and to “burst” to a hosted cloud when models are too large to run on-device.
- Reporting differs on who led the new round, with some outlets naming Theory Venture and others attributing lead roles to Benchmark or individual investors.
- The raise will fund cloud infrastructure, hires, and broader integrations, a strategy that has prompted some community pushback over the shift from the free desktop tool and has already led to uses such as onchain agents like Shinkai.