The $88M round was led by Benchmark's Peter Fenton, with Y Combinator, 8VC, Theory Ventures and a deep bench of founder-angels — including Docker's Solomon Hykes and ClickHouse CEO Aaron Katz — also joining.

Ollama lets developers run open models locally — no API keys, no per-token fees, no data leaving the machine. It's already used by 8.9M developers and 85% of the Fortune 500, betting on hybrid, privacy-first inference without vendor lock-in.