Originally published on AI Tech Connect.
What changed Ollama closed a $65 million Series B, led by Theory Ventures, announced 9 July 2026. Benchmark, 8VC, Y Combinator, Pace Capital, 49 Palms and GTMFund also joined, alongside other investors and angels. Total funding is now $88 million, following a $15 million Series A led by Benchmark, whose partner Peter Fenton sits on Ollama's board. The local model runner now serves 8.9 million monthly developers — described by coverage of the round as the largest developer network in the open-model ecosystem — with more than 67,000 community-built integrations. A team of just 14 people is running that entire footprint, according to reporting on the raise, with co-founders Jeff Morgan and Michael Chiang previously behind Kitematic, the Docker-acquired tool that became Docker Desktop.…
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