Popular open source AI developer tool Ollama raises $65M, grows to nearly 9M users
TechCrunch · 4 min read · top_stories
Ollama, an open-source AI tool that lets developers run large language models locally on their PCs, raised $65 million in Series B funding led by Theory Venture, bringing total funding to $88 million. The platform has grown to 8.9 million monthly users and is deployed across 85% of Fortune 500 companies. Founded in 2023 by Jeff Morgan and Michael Chiang—the creators of Docker Desktop—Ollama offers free and paid subscription tiers up to $100/month for accessing hosted models, with usage tracked by GPU time rather than token limits.
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