Open-source AI developer tool Ollama raises $65M to grow its platform

Ollama Inc. has secured $65 million in a Series B funding round, led by Theory Ventures, to expand its open-source AI platform, which connects developers with a variety of open models. This influx of capital will likely enable the company to accelerate its growth, enhance its platform, and possibly introduce new features that could set new standards in the open-source AI community. Given the increasing demand for accessible AI tools, this funding is crucial for Ollama to maintain its competitive edge and foster innovation in the rapidly evolving AI landscape.