THE SINGULARITY LABS • AI NEWS
Popular open source AI developer tool Ollama raises 65M, grows to nearly 9M users
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TechCrunch AI
QUICK SUMMARY
Open source AI tool Ollama raised a $65 million Series B led by Theory Ventures, adding to a $15 million Series A led by Benchmark's Peter Fenton for $88 million raised total.
DETAILED EXPLANATION
Open source AI tool Ollama raised a $65 million Series B led by Theory Ventures, adding to a $15 million Series A led by Benchmark's Peter Fenton for $88 million raised total. 9 million monthly active developers, 176,000 GitHub stars, and roughly 17,000 forks, and says it is used at 85 percent of Fortune 500 companies.
Ollama runs with just 14 employees and also offers a paid cloud tier priced by GPU usage rather than token limits.
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