Open source AI darling Ollama secures $65 million as developers flock to open models
Ollama has raised a $65 million Series B round led by Theory Ventures, founder and CEO Jeff Morgan tells Julie Bort of TechCrunch. The funding follows a $15 million Series A led by Benchmark’s Peter Fenton, bringing the company’s total funding to $88 million. Ollama, launched in 2023, lets developers run open-weight AI models on …