Ollama Just Raised $65 Million to Become AI's Quiet Infrastructure Layer
Ollama, the open source tool that lets developers run AI models locally, closed a $65 million Series B led by Theory Ventures, bringing its total funding to $88 million. The company now counts 8.9 million developers and sits inside 85% of the Fortune 500, betting that as open models close the gap with GPT and Claude, the real value shifts to the runtime layer instead of the model itself.