# Ollama

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ollama

- Industry: Software
- Headquarters: Palo Alto, US
- Website: www.ollama.com/
- Total disclosed funding: $65M
- Latest round: Series B (Jul 9, 2026)
- Investors on record: 8

## About

Founded in 2023 by CEO Jeffrey Morgan and Michael Chiang and headquartered in California, US, Ollama Inc. focuses on the deployment and management of open AI models. In July 2026, Ollama Inc. raised USD 65 million in series B funding led by Theory Ventures, with participation from 49 Palms, Pace Capital and 8VC, Benchmark, Y Combinator, GTMfund, Garage Capital.

Ollama offers a suite of innovative AI-driven products centered around the deployment and management of open models such as OpenClaw and Claude Code, which enable users to efficiently run machine learning applications. These products are designed for various use cases, including real-time information retrieval, code generation, and advanced data analysis. By leveraging Ollama’s cloud infrastructure, customers can access larger models optimized for speed and scalability, enhancing their ability to solve complex tasks. The platform caters to a diverse clientele, including software developers and data scientists, as well as enterprises in sectors such as technology and research, focusing on markets in the United States, Europe, and Asia. Ollama's core offerings are particularly valuable to organizations aiming to integrate machine learning capabilities into their existing systems, empowering them to innovate and remain competitive.

Ollama generates revenue through a subscription-based model, offering distinct pricing tiers tailored to varying user needs. These subscription tiers facilitate direct transactions between Ollama and its clients, primarily in a B2B context, allowing organizations to efficiently access and utilize Ollama’s products. The revenue structure is designed to align with the specific needs of their customer base, ensuring businesses can leverage the full potential of Ollama’s offerings without incurring unnecessary costs.

The company will use the July 2026 funding to expand its operations and continue development of its platform for running and managing AI models locally and in hosted environments.

## Funding rounds

- Series B, Jul 9, 2026, $65M — Benchmark, Y Combinator, 8VC, Garage Capital, Pace Capital, GTMfund, Theory Ventures, 49 Palms
- Series A, date not disclosed — Benchmark

## Investors

- Benchmark (https://capitalatlas.ai/funds/benchmark) — Series A, Series B
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series B
- 8VC (https://capitalatlas.ai/funds/8vc) — Series B
- Garage Capital (https://capitalatlas.ai/funds/garage-capital) — Series B
- Pace Capital (https://capitalatlas.ai/funds/pace-capital) — Series B
- GTMfund (https://capitalatlas.ai/funds/gtmfund) — Series B
- Theory Ventures (https://capitalatlas.ai/funds/theory-ventures) — Series B
- 49 Palms (https://capitalatlas.ai/funds/49-palms) — Series B