Ollama raises $65M as it grows to nearly 9 million users

The developer of Ollama, the open-source tool that lets you run artificial intelligence models locally on personal computers, has raised $65M in investment. The round was backed by the venture firm Benchmark.

According to TechCrunch, the project's user base has grown to nearly 9 million. Ollama makes it easier for developers to run AI models without turning to cloud services, which has made the tool popular among those who prefer to work with models on their own hardware.

Popularity on GitHub

The level of interest in the project is reflected in its GitHub stats: the Ollama repository has racked up 176,000 stars and nearly 17,000 forks. Those numbers place the tool among the notable open-source projects in the artificial intelligence space.

The new funding will allow the team to keep developing the product amid growing developer interest in running AI models locally — an approach that reduces reliance on cloud infrastructure and the costs that come with it.

Source: TechCrunch