# Ollama Raises $65 Million Series B from Theory Ventures

> Ollama, the tool that makes it easy to run large language models locally, has raised a $65 million Series B led by Theory Ventures, pushing its total funding to $88 million. The bigger story is adoption: the company says its developer base has grown to 8.9 million since January, with usage roughly doubling and about a million new installs landing every week. Its niche is running models on your own machine rather than through a cloud API, which matters most where data cannot leave the building. Ollama says it is now used inside 85% of the Fortune 500, including heavily regulated corners like government, healthcare, and finance, and it supports more than 67,000 integrations. That traction is a quiet counterpoint to the assumption that all AI runs through a handful of big cloud providers. Plenty of teams want capable models they control locally, and Ollama has become the default way to get there. The new money is earmarked for product work, community investment, scaling its cloud compute, and key hires.

_Section: [AI Funding Tracker](https://www.wortins.com/funding) · Source: TechCrunch · Published Monday, July 13, 2026_

## Wortins' read

Ollama, the tool that makes it easy to run large language models locally, has raised a $65 million Series B led by Theory Ventures, pushing its total funding to $88 million. The bigger story is adoption: the company says its developer base has grown to 8.9 million since January, with usage roughly doubling and about a million new installs landing every week. Its niche is running models on your own machine rather than through a cloud API, which matters most where data cannot leave the building. Ollama says it is now used inside 85% of the Fortune 500, including heavily regulated corners like government, healthcare, and finance, and it supports more than 67,000 integrations. That traction is a quiet counterpoint to the assumption that all AI runs through a handful of big cloud providers. Plenty of teams want capable models they control locally, and Ollama has become the default way to get there. The new money is earmarked for product work, community investment, scaling its cloud compute, and key hires.

## Source

[Read the full story at TechCrunch](https://techcrunch.com/2026/07/09/popular-open-source-ai-developer-tool-ollama-raises-65m-grows-to-nearly-9m-users/)

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