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Venture Capital

The full thread of our Theory Ventures coverage — a running record of every development we've tracked, with the VC take on each.

2
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2
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Jul 9, 2026
Date

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  1. FUNDINGOllama Raises $65M Series B as Open-Weight Models Scale→
  2. FUNDINGOllama Raises $65M Series B as Local AI Tool Hits 9M Users→

All Coverage

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.

Jul 9, 2026
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.

Jul 9, 2026