🤝 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.
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