Tech Company Financing Transactions
Ollama Funding Round
Ollama secured a $65 million Series B funding round on 7/9/2026. Investors included Theory Ventures, 8VC and Benchmark Capital.
Transaction Overview
Company Name
Announced On
7/9/2026
Transaction Type
Venture Equity
Amount
$65,000,000
Round
Series B
Investors
Proceeds Purpose
The company intends to use the funds to invest in its product and open-source developer community, scale its cloud compute footprint, and bring on key hires.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
744 High St
Palo Alto, CA 94301
USA
Palo Alto, CA 94301
USA
Phone
Undisclosed
Website
Email Address
Overview
Ollama is an open-source software platform designed to manage and run large language models (LLMs) and multimodal models both locally on user devices and at scale in the cloud. Founded in 2023 by Jeffrey Morgan and Michael Chiang, the Palo Alto-based startup has quickly become the central infrastructure layer for open-source AI.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Founder
Michael Chiang
Founder
Jeffrey Morgan
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