Ollama, the open-source platform reaches 8.9 million monthly active users and introduces a hybrid cloud tier billed by GPU computation time.
On 9 July 2026, open-source AI platform Ollama announced a $65 million Series B funding round led by Theory Ventures, bringing its total capital to $88 million. Existing institutional investors Benchmark, 8VC, Y Combinator, Pace Capital, 49 Palms, and GTMFund participated, alongside angel investors including Solomon Hykes, Aaron Katz, and Spencer Kimball.
The platform has 8.9 million monthly active developers, representing a twofold increase since January 2026. Operated by a 14-person team, the platform registers approximately one million new installs per week and is used by developers within 85% of Fortune 500 companies across sectors such as healthcare, finance, and government.
Founded by Jeffrey Morgan and Michael Chiang, the software allows developers to locate, download, and run open-weight AI models on local hardware via a single command. The repository has accumulated over 176,000 GitHub stars and connects to 67,000 community-developed integrations. Ollama also maintains distribution partnerships with hardware manufacturers (NVIDIA, AMD, Intel, Qualcomm) and AI model developers (such as Meta, DeepMind, Mistral, and DeepSeek) to provide model compatibility upon release.
The desktop software remains free to use. To handle larger models that exceed local hardware constraints, the company provides a premium hybrid cloud workspace priced up to $100 per month. Rather than using the traditional token-based pricing models common among proprietary AI API providers, this cloud service bills users based on active GPU computation time.
