● Covered by 1 source · 1 reportMedium impact
Ollama raises $65M in Series B, reaches nearly 9M monthly users
Key points
- Ollama raised $65 million in Series B funding led by Theory Ventures.
- The platform simplifies running open-weight AI models on PCs for developers.
- Ollama serves nearly 9 million monthly users, including 85% of Fortune 500 companies.
Funding Round Details
Ollama announced it has completed a $65 million Series B funding round, led by Theory Ventures.
This funding follows a $15 million Series A round led by Benchmark, bringing total funding to $88 million.
Product Overview
Launched in 2023, Ollama facilitates developers running open-weight AI models efficiently on local machines.
It features models hosted on neocloud, available through various subscription tiers, tracking usage based on GPU time.
Rapid Growth and User Statistics
The platform has gained significant traction, now serving approximately 8.9 million users each month.
It is reportedly utilized by 85% of Fortune 500 companies, highlighting its widespread adoption.
Founders' Background
Co-founders Jeff Morgan and Michael Chiang previously developed Docker Desktop, which revolutionized cloud application deployment.
They aim to simplify AI model usage for developers, much like Docker did for cloud computing.
Market Impact and Insights
Morgan cites January's growth in open models with capabilities for practical tasks, such as coding, as a key moment for the business.
The industry is increasingly recognizing the potential of open-weight models in real-world applications.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Primary sources
GitHub ollama/ollamaReporting from
Ollama has secured $65 million in Series B funding led by Theory Ventures, bringing total funding to $88 million. The AI tool, aimed at simplifying the use of open-weight AI models for developers, has rapidly grown to 8.9 million monthly users and is utilized by 85% of Fortune 500 companies.