AIBetaKitabout 16 hours ago
Ollama raises $65M for local AI models
2 min read
Ollama, a Palo Alto-based AI infrastructure startup founded by Canadians, raised $65 million USD in Series B funding led by Theory Ventures. The 14-person company lets developers run open-source LLMs locally. It claims nearly nine million customers and 85 percent Fortune 500 usage. Total funding reaches $88 million USD.
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