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TechCrunch·3 min read·medium

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

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

Open-source AI developer tool Ollama has raised $65 million in Series B funding, bringing its total funding to $88 million. The platform, which simplifies running open-weight AI models on local hardware, claims to have reached nearly 9 million monthly users.

Why it matters

Ollama's growth highlights the increasing demand for local, privacy-focused AI deployment tools that mirror the developer-friendly success of Docker.

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The popular open source AI tool Ollama has raised a $65 million Series B, led by Theory Venture, founder and CEO Jeff Morgan tells TechCrunch.

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The article provides a straightforward business report on funding and product growth without ideological framing.

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