🤝 **Theory Ventures Leads Ollama's $65M Series B — 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.
• Total funding since its 2023 launch is now **$88M**.
• Ollama has grown to **8.9M monthly active developers** and is used inside **85% of Fortune 500** companies — including regulated sectors like government, healthcare, and finance.
• 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.

[🔗 Read more](/leaving?url=aHR0cHM6Ly90aGVvcnl2Yy5jb20vYmxvZy1wb3N0cy93aHktODUtb2YtdGhlLWZvcnR1bmUtNTAwLWFscmVhZHktcnVucy1vbGxhbWEtb3VyLWludmVzdG1lbnQtaW4tdGhlaXItc2VyaWVzLWI=)
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