Ollama Inc., a leading open-source AI developer platform, recently closed a $65 million Series B funding round, bringing its total funding to $88 million. The round was led by Theory Ventures, with participation from Benchmark, 8VC, Y Combinator, and others. The injection of capital aims to accelerate the company’s growth and expand its AI infrastructure, serving a growing base of developers worldwide.
Since launching in 2023, Ollama has attracted over 8.9 million monthly active developers, making it the largest network connecting users with open AI models. The platform boasts more than 67,000 integrations and reaches 85% of Fortune 500 companies, including entities within highly regulated sectors like finance, healthcare, and government.
Ollama distinguishes itself by offering developers a versatile tool that can run AI models locally or leverage powerful cloud models seamlessly. Users can deploy AI models on their own hardware with a simple command or switch to larger cloud models without changing their workflow. This dual approach addresses the need for privacy and compute flexibility in development processes.
The platform’s front end combines a graphical user interface with a command-line interface, simplifying activation and experimentation with AI models. Ollama’s subscription plans include a free tier with GPU access, while paid subscriptions reach $100 per month. Its cloud inference pricing model competes with companies like Together Computer, Fireworks AI, and Groq, but Ollama’s unique open-source compatibility and fluid cloud integration provide an edge.
Ollama also partners with developers to offer immediate access to cutting-edge open models such as GLM, Nemotron, DeepSeek, Kimi, and MiniMax. The company reports consistent monthly growth in cloud token usage, reflecting increasing adoption of AI workloads. It acknowledges challenges in GPU-time billing versus per-token pricing, a factor shaping its service model.