Popular open source AI developer tool Ollama raises $65M, grows to… | HappeningNow.news

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Popular open source AI developer tool Ollama raises $65M, grows to nearly 9M users

The popular open source AI tool Ollama has raised a $65 million Series B, led by Theory Ventures, founder and CEO Jeff Morgan tells TechCrunch. This round follows a previous $15 million Series A led by Benchmark’s Peter Fenton.

Source Summary Published July 9, 2026 Brief Under 1 min brief
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The popular open source AI tool Ollama has raised a $65 million Series B, led by Theory Ventures, founder and CEO Jeff Morgan tells TechCrunch. This round follows a previous $15 million Series A led by Benchmark’s Peter Fenton. All told, the company has now raised $88 million.

Read original at TechCrunch

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