FUNDING
Company Profile
Ollama is an open-source platform that lets developers run large language models locally on their own machines.
Founded 2023Palo Alto, CA$88M raised
Investors
Theory VenturesBenchmark8VCY CombinatorPace Capital49 PalmsGTMFund
Funding & Valuation History
from our coverage| Date | Event | Amount | Valuation | Source |
|---|---|---|---|---|
| Jul 9, 2026 | Ollama Raises $65M Series B as Open-Weight Models Scale | $65M Series B | — | Story → |
Ollama FAQ
- How much has Ollama raised?
- Ollama has raised approximately $88M in total funding to date.
- Is Ollama publicly traded?
- No. Ollama is privately held.
- Who are Ollama's investors?
- Ollama's investors include Theory Ventures, Benchmark, 8VC, Y Combinator, Pace Capital, 49 Palms, GTMFund.
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.
FUNDING
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.