Ollama raises $65M as its open-model runner hits nearly 9M developers
Ollama has raised a $65M Series B led by Theory Ventures. Benchmark, 8VC, Y Combinator and others joined. The round takes the company’s total funding to $88M, three years after it launched, and Ollama set out the plan in a blog post on Thursday.
Founder and chief executive Jeff Morgan gave the details to TechCrunch, which broke the raise.
The pitch is simple. Ollama lets a developer download an open-weight model and run it locally in a single command. If a laptop cannot handle a bigger model, Ollama’s cloud runs it instead, with the same setup. It bills for that cloud by GPU time, not per token.
The Docker crew, again
The founders have done this before. Morgan and co-founder Michael Chiang built Kitematic, which Docker bought in 2015. Their work there became Docker Desktop, which more than ten million developers now use. Ollama is the same move for...
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