Ollama Raises $65M in Series B to Revolutionize Open AI Models

Ollama has secured a $65 million Series B funding led by Theory Ventures, bringing total investment to $88 million. The platform enables developers to run open-weight models locally or via cloud easily. Monthly users have surged to 8.9 million, reflecting strong demand. Ollama supports notable models while partnering with major chipmakers. Critics raise concerns, but the founders assure the free app remains unchanged.