Ollama Hits $65M Series B: Open Models Go Mainstream

Ollama closed $65M Series B (Theory Ventures lead). Total funding: $88M.

What: Dead-simple way to run open-source AI models locally. No cloud vendor lock-in. No API costs.

Traction:
• 8.9M monthly developers
• $65M Series B
• Investors: Theory Ventures, Benchmark, 8VC, Y Combinator, Pace Capital

Why it matters: Open models + local inference = lower costs, faster iteration, real control. If you're building AI products, Ollama is now the default dev tool.

Source: BusinessWire

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