FUNDING
Key Metrics
Total funding
$88M
As of Jul 31, 2026Value Add Pulse research
Company Snapshot
Ollama is a Developer tools company, based in Palo Alto, California, USA, founded 2023 by Jeffrey Morgan, Michael Chiang. Total funding $88M (As of Jul 31, 2026).
Recent changes
- Jul 9, 2026Jul 9, 2026Raised $65M Series B at a $8.3 billion valuation TechCrunch
- Jul 9, 2026Jul 9, 2026First reported total funding: $88M TechCrunch
- Jul 9, 2026Jul 9, 2026New investor: Y Combinator TechCrunch
- Jul 9, 2026Jul 9, 2026New investor: Theory Ventures TechCrunch
- Jul 9, 2026Jul 9, 2026New investor: GTM Fund TechCrunch
Earlier changes (5)
- Jul 9, 2026Jul 9, 2026New investor: 49 Palms TechCrunch
- Jul 9, 2026Jul 9, 2026New investor: Benchmark TechCrunch
- Jul 9, 2026Jul 9, 2026New investor: Pace Capital TechCrunch
- Jul 9, 2026Jul 9, 2026New investor: 8VC TechCrunch
- Jul 9, 2026Jul 9, 2026Ollama Raises $65M Series B as Open-Weight Models Scale Pulse story
Funding History
1 event · sources dated per row| Date | Event | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Jul 9, 2026 | Series B | $65M | $8.3 billion | outlined = lead | TechCrunch |
Investors
Latest Pulse
- Jul 13, 2026Open-Source AI Infrastructure's Funding RenaissanceOllama's $65 million Series B is the latest sign that open-source AI tooling -- once seen as a commodity layer -- is commanding real institutional capital alongside the neoclouds and frontier labs.→
- Jul 9, 2026Ollama Raises $65M Series B as Open-Weight Models ScaleOllama, the open-source platform for running AI models locally, closed a $65 million Series B led by Theory Ventures, bringing total funding to $88 million as its developer base grew to nearly 9 million.→
Coverage Timeline
newest firstAll Coverage
FUNDING~$965M combined
Open-Source AI Infrastructure's Funding Renaissance
Ollama's $65 million Series B is the latest sign that open-source AI tooling -- once seen as a commodity layer -- is commanding real institutional capital alongside the neoclouds and frontier labs.
FUNDING
Ollama Raises $65M Series B as Open-Weight Models Scale
FUNDING$65M Series B
Ollama Raises $65M Series B as Open-Weight Models Scale
Ollama, the open-source platform for running AI models locally, closed a $65 million Series B led by Theory Ventures, bringing total funding to $88 million as its developer base grew to nearly 9 million.
Value Add Research
Related Companies
Sources & methodologyshow
Where these figures come from
- TechCrunchmajor outlet1 fact
- Value Add Pulse researchValue Add VC data1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.