Key Metrics
Company Snapshot
Ollama is a Developer tools company, based in Palo Alto, California, USA, founded 2023 by Jeffrey Morgan, Michael Chiang. Total funding $88M (As of Jul 9, 2026).
Recent changes
- Jul 9, 2026Jul 9, 2026Raised $65M Series B TechCrunch
- Jul 9, 2026Jul 9, 2026First reported total funding: $88M TechCrunch
- Jul 9, 2026Jul 9, 2026New investor: Y Combinator TechCrunch
- Jul 9, 2026Jul 9, 2026New investor: Theory Ventures TechCrunch
- Jul 9, 2026Jul 9, 2026New investor: Benchmark TechCrunch
Earlier changes (3)
- Jul 9, 2026Jul 9, 2026New investor: 8VC TechCrunch
- Jul 9, 2026Jul 9, 2026Ollama Raises $65M Series B as Local AI Tool Hits 9M Users Pulse story
- Jul 9, 2026Jul 9, 2026Ollama Raises $65M Series B as Open-Weight Models Scale Pulse story
Funding History
1 event · sources dated per row| Date | Event | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Jul 9, 2026 | Series B | $65M | — | TechCrunch |
Investors
Latest Pulse
- Aug 25, 2026Perplexity, Nvidia Launch Local AI Agent, Zero TokensPerplexity and Nvidia launched Portable Computer, a fully local version of Perplexity's agent platform running on RTX GPUs or Nvidia's DGX Spark, eliminating per-token API costs for users who can supply their own hardware.→
- Jul 13, 2026Open-Source AI Infrastructure's Funding RenaissanceOllama's $65 million Series B is the latest sign that open-source AI tooling -- once seen as a commodity layer -- is commanding real institutional capital alongside the neoclouds and frontier labs.→
- Jul 9, 2026Ollama Raises $65M Series B as Open-Weight Models ScaleOllama, the open-source platform for running AI models locally, closed a $65 million Series B led by Theory Ventures, bringing total funding to $88 million as its developer base grew to nearly 9 million.→
- Jul 9, 2026Ollama Raises $65M Series B as Local AI Tool Hits 9M UsersOllama, the open-source tool for running AI models locally, raised a $65 million Series B led by Theory Ventures as its monthly developer base doubled to nearly 9 million since January.→
Coverage Timeline
newest firstAll Coverage
FUNDING~$965M combined
Open-Source AI Infrastructure's Funding Renaissance
Ollama's $65 million Series B is the latest sign that open-source AI tooling -- once seen as a commodity layer -- is commanding real institutional capital alongside the neoclouds and frontier labs.
Ollama Raises $65M Series B as Open-Weight Models Scale
FUNDING$65M Series B
Ollama Raises $65M Series B as Open-Weight Models Scale
Ollama, the open-source platform for running AI models locally, closed a $65 million Series B led by Theory Ventures, bringing total funding to $88 million as its developer base grew to nearly 9 million.
Ollama Raises $65M Series B as Local AI Tool Hits 9M Users
FUNDING$65M Series B
Ollama Raises $65M Series B as Local AI Tool Hits 9M Users
Ollama, the open-source tool for running AI models locally, raised a $65 million Series B led by Theory Ventures as its monthly developer base doubled to nearly 9 million since January.
Value Add Research
Related Companies
Shared investors
Ollama FAQ
How much has Ollama raised?
Ollama has raised $88M in total funding (As of Jul 9, 2026, TechCrunch).
Who are Ollama's investors?
Ollama's investors include Theory Ventures, 8VC, Benchmark, Y Combinator, 49 Palms, and 2 more (As of Jul 9, 2026).
Sources & methodologyshow
Where these figures come from
- TechCrunchmajor outlet2 facts
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.