--- title: Ollama raises $65M for its open-model AI platform description: Ollama has closed a $65M Series B led by Theory Ventures, bringing total funding to $88M. The tool, which lets developers run open-weight AI models locally... canonical: https://daily.dev/posts/ollama-raises-65m-for-its-open-model-ai-platform-axkq7nhyj twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Ollama raises $65M for its open-model AI platform | daily.dev og:description: Ollama has closed a $65M Series B led by Theory Ventures, bringing total funding to $88M. The tool, which lets developers run open-weight AI models locally... og:url: https://daily.dev/posts/ollama-raises-65m-for-its-open-model-ai-platform-axkq7nhyj og:image: https://api.daily.dev/og/posts/axKQ7nHYj.png og:image:alt: Ollama raises $65M for its open-model AI platform og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Ollama raises $65M for its open-model AI platform **[The Next Web](https://daily.dev/sources/tnw)** · 3 min read · 1 upvotes · 1 comments ## Summary Ollama has closed a $65M Series B led by Theory Ventures, bringing total funding to $88M. The tool, which lets developers run open-weight AI models locally with a single command, now serves 8.9 million monthly developers — nearly double its January count — and is installed inside 85% of Fortune 500 companies. The founders previously built Kitematic, which became Docker Desktop. Ollama's cloud extends local runs to larger models, billed by GPU time rather than per token. Investors are betting that open-weight models will generate the majority of AI tokens within 18–24 months, making Ollama's position as the runtime layer strategically valuable. Some community critics have raised concerns about cloud focus diluting the free project, which the founders dispute. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Community discussion Top comments from developers on daily.dev. **@baz14** · 0 upvotes > Using open-source models offers advantages over proprietary ones. If an open-source provider shuts down, you can choose another one or launch it locally. Implementing a proprietary model creates dependency on a single vendor, which significantly increases business risks. ## Similar posts on daily.dev - [Popular open source AI developer tool Ollama raises $65M, grows to nearly 9M users](https://daily.dev/posts/popular-open-source-ai-developer-tool-ollama-raises-65m-grows-to-nearly-9m-users-6cuue7abu) · TechCrunch · 0 upvotes · 0 comments - [Ollama: all aboard open models · Ollama Blog](https://daily.dev/posts/ollama-all-aboard-open-models-ollama-blog-tef3gy0bo) · Hacker News · 2 upvotes · 0 comments --- Tags: [#open-source](https://daily.dev/tags/open-source), [#venture-capital](https://daily.dev/tags/venture-capital), [#ai-infrastructure](https://daily.dev/tags/ai-infrastructure), [#local-ai](https://daily.dev/tags/local-ai), [#ollama](https://daily.dev/tags/ollama) [View this post on daily.dev](https://daily.dev/posts/ollama-raises-65m-for-its-open-model-ai-platform-axkq7nhyj) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Ollama raises $65M for its open-model AI platform","url":"https://daily.dev/posts/ollama-raises-65m-for-its-open-model-ai-platform-axkq7nhyj","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/ollama-raises-65m-for-its-open-model-ai-platform-axkq7nhyj"},"datePublished":"2026-07-09T15:58:39.932Z","dateModified":"2026-07-10T20:21:39.757Z","description":"Ollama has closed a $65M Series B led by Theory Ventures, bringing total funding to $88M. 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