Ollama Raises $65M Series B as Its Local-Model Runner Hits 8.9M Developers

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Ollama closed a $65M Series B on July 9 led by Theory Ventures (with Benchmark, 8VC, Y Combinator), bringing total funding to $88M. The open-source local LLM runner now reports 8.9M developers (doubled since January, ~1M new installs/week), 67,000+ integrations, and usage inside 85% of the Fortune 500 including regulated government, healthcare, and finance orgs. Funds go toward the product, community, and scaling its cloud compute footprint.