Popular open source AI developer tool Ollama raises $65M ^45.4%

TechCrunch - By Julie Bort, https:, techcrunch.com, #, schema, person, image, af072520398e57d1c8513395cd06df07 - 7/9/2026, 1:00 PM

Optimism Bias 14% - Biased Writer Voice 13.6% - Unattributed Quote 13%

The popular open source AI tool Ollama has raised a $65 million Series B, led by Theory Venture, founder and CEO Jeff Morgan tells TechCrunch. This round follows a previous $15 million Series A led by Benchmark’s Peter Fenton. All told, the company has now raised $88 million. Ollama, which launched in 2023, helps devs run open-weight AI... more