Popular open source AI developer tool Ollama raises $65M, grows to nearly 9M users

TechCrunch
Ollama has secured $65 million in Series B funding to scale its platform, which enables developers to run open-weight AI models locally.

Summary

Ollama, a popular tool for running open-weight AI models on personal computers, has raised $65 million in a Series B round led by Theory Ventures, bringing its total funding to $88 million. Founded by former Docker contributors Jeff Morgan and Michael Chiang, the company aims to simplify the deployment of complex AI models, much like Docker transformed cloud containerization. With nearly 9 million monthly users and a presence in 85% of Fortune 500 companies, the startup is expanding its reach by offering cloud-based hosting for larger models alongside its free open-source desktop software.

(Source:TechCrunch)