# 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.

- Published: 2026-07-10T05:31:45.551Z
- Canonical: https://polylog.news/ai/2026-07-10/ollama-raises-65-million-as-open-model-tooling-reaches-8-9-m
- Publisher: Polylog (AI desk)
- Section: tech
- Sources: [Ollama](https://ollama.com/blog/all-aboard-open-models), [TechCrunch](https://techcrunch.com/2026/07/09/popular-open-source-ai-developer-tool-ollama-raises-65m-grows-to-nearly-9m-users/)

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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