Ollama, one of the largest developer platforms for open models, has raised $65 million in a Series B funding round to accelerate the growth of its developer ecosystem and expand access to open models across local devices and cloud environments.
The latest investment was led by Theory Ventures, with participation from Benchmark, 8VC, Y Combinator, Pace Capital, 49 Palms, GTMFund, along with other investors and angel backers. The new funding brings Ollama’s total capital raised to $88 million.
Benchmark previously led Ollama’s Series A round, after which Benchmark General Partner Peter Fenton joined the company’s board.
Simplifying How Developers Build With Open Models
Founded by Jeffrey Morgan and Michael Chiang, Ollama focuses on making open models easier for developers to access, run, and integrate into their workflows.
The platform allows developers to run an open model locally on their own hardware with a simple command and then scale to larger models through Ollama’s cloud when additional computing resources are required.
This simple developer experience has helped Ollama grow into a major platform in the open model ecosystem. According to the company, 8.9 million developers use Ollama, supported by more than 67,000 community-built integrations.
The platform is also used across enterprises, including organizations operating in highly regulated industries such as government, healthcare, and finance.
“Open models should be easy to run, easy to build with, and available wherever people need them — on your own machine, in the cloud, or both,” said Jeffrey Morgan, CEO and Co-Founder of Ollama.
Morgan added that Ollama began as an open-source project and has since grown into a global developer community focused on enabling open models wherever work happens.
How Ollama Helps Developers Run Open Models
Ollama provides developers with flexibility by combining local execution with cloud scalability.
Developers can start by running models directly on their own devices. If local hardware capacity is not enough, workloads can move to Ollama’s cloud while maintaining a similar user experience without major configuration changes.
This approach helps developers reduce costs for smaller workloads while also supporting more demanding applications that require greater computing power.
Privacy-Focused Model Deployment
Data privacy has become a major consideration as companies increase their adoption of advanced models.
Ollama’s local-first approach allows users to run models directly on their own machines, meaning data does not need to leave the device during local execution. The company also states that it does not train on user data.
This makes the platform attractive for organizations that require stronger control over sensitive information while building applications using open models.
Expanding Integrations and Industry Partnerships
Ollama has developed a broad ecosystem around open models, with more than 67,000 integrations created by its community.
These integrations support various use cases, including coding agents, personal assistants, automation tools, document workflows, and other developer applications.
The company also works with leading model labs and technology companies to provide users with access to new models and improved performance through hardware optimization.
Growing Demand for Open Model Infrastructure
Ollama has experienced significant growth as developers and companies increasingly explore open models for building software applications and automating workflows.
The company said its usage has doubled since January, reaching 8.9 million developers, while the platform continues adding nearly one million new installs every week.
Many developers use Ollama for coding assistance, agent-based workflows, and everyday automation tasks. Enterprises are also adopting the platform as a cost-effective and privacy-conscious layer for working with open models.
What Comes Next for Ollama
With the Series B investment, Ollama plans to continue improving its platform, supporting its open-source developer community, increasing cloud compute capacity, and expanding its team.
As demand for flexible model deployment grows, platforms that allow developers to easily discover, experiment with, and run open models are becoming a critical part of the technology ecosystem.
Ollama aims to continue building infrastructure that helps developers use open models wherever they need them — from personal devices to large-scale cloud environments.
About Ollama
Ollama is a developer platform that makes it easier to run and build with open models. The platform enables developers to use models locally or through Ollama’s cloud while integrating them with existing development tools.
Founded by Jeffrey Morgan and Michael Chiang, Ollama serves millions of developers globally and has built one of the largest developer networks in the open model ecosystem.