π€ Theory Ventures Leads Ollama's $65M Series B β 85% of the Fortune 500 Already Runs It
Theory Ventures led a $65M Series B for Ollama, the open-source local model runner, joined by Benchmark, 8VC, Y Combinator, Pace Capital, 49 Palms, and GTMFund.
β’ Total funding since its 2023 launch is now $88M.
β’ Ollama has grown to 8.9M monthly active developers and is used inside 85% of Fortune 500 companies β including regulated sectors like government, healthcare, and finance.
β’ All of that with a team of just 14 people, underscoring how open-weight/local models have become core enterprise infrastructure rather than a hobbyist tool.
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