Ollama, the popular open source AI development tool, raises $65 million and grows to nearly 9 million users | TechCrunch0

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• July 9, 2026

Popular open source AI tool Ollama has raised a $65 million Series B, led by Theory Ventures, founder and CEO Jeff Morgan tells TechCrunch. This round follows an earlier $15 million Series A led by Benchmark’s Peter Fenton. In total, the company has raised $88 million. Ollama, which launched in 2023, helps developers run open-ended