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Morning Edition · Friday, July 10, 2026Published at 1:31 AM EDT · New York
Ollama Raises $65 Million as Open-Model Tooling Reaches 8.9 Million Developers
The Series B, led by Theory Ventures, brings the local-inference platform's total funding to $88 million.
Ollama, the tool most developers use to run open models locally, announced a $65 million Series B led by Theory Ventures, with participation from Benchmark, 8VC, and Y Combinator. The round brings total funding to $88 million. The company r…
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Part of a tracked trend
Open-Weight Models Close the Gap With Closed Frontier Labs
Over the next 3-9 months, open-weight releases with downloadable weights, long context, and strong agentic/coding performance increasingly match closed frontier models on practical work, eroding the closed-lab moat.
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