[Ollama Secures $65 Million in Series B Funding to Make Open-Source Models More User-Friendly] According to monitoring by Beating, open-source model tool Ollama has completed a $65 million Series B funding round. Theory Ventures led the round, with participation from Benchmark, 8VC, and Y Combinator. Ollama's total funding has reached $88 million. Ollama's core functionality is straightforward: it allows developers to run open-source models locally with a single command. It also provides APIs to help developers integrate models into their applications. The company claims that Ollama currently serves 8.9 million developers and is used by 85% of Fortune 500 companies. Its cloud services are also growing, with token usage doubling on average every month. The new funding will be allocated to three key areas: hybrid inference across local and cloud environments, first-day support for new models, and team cloud services. [Original Link]