Ollama completes $65 million Series B funding, aims to make open-source models more user-friendly

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According to Dongcha Beating monitoring, open-source model tool Ollama has completed a $65 million Series B funding round. Theory Ventures led the round, with participation from Benchmark, 8VC, Y Combinator, and others. Ollama's total funding has reached $88 million.

Ollama's core function is simple: it allows developers to run open-source models locally with a single command. It also provides an API for developers to integrate models into their own applications.

Officials say Ollama currently serves 8.9 million developers and is used by 85% of Fortune 500 companies. Its cloud service is also growing, with token usage doubling on average every month.

The new funds will be used for three things: hybrid local and cloud inference, day-one support for new models, and team cloud services.

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