Ollama - About the company
Ollama is a series B company based in Palo Alto (United States), founded in 2023 by Jeffrey Morgan and Michael Chiang. It operates as a Platform offering open-source tools for running large language models locally. Ollama has raised $88M in funding from Benchmark and Theory Ventures. The company has 231 active competitors, including 10 that are funded. Its top competitors include companies like Nuro, Beyond Limits and Nscale.
Company Details
Platform offering open-source tools for running large language models locally. It includes support for various AI models and a simple API for management.
- Website
- ollama.com
- Social
- Email ID
- *****@ollama.com, *****@ollama.com, *****@ollama.com
Key Metrics
Founded Year
2023
Location
Palo Alto, United States
Stage
Series B
Total Funding
$88M in 2 rounds
Latest Funding Round
Ranked
2nd among 231 active competitors
Employee Count
74 as on Aug 31, 2026
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Ollama's funding and investors
Ollama has raised a total funding of $88M over 2 rounds. Its latest funding round was a Series B round on Jul 09, 2026 for $*****. 7 investors participated in its latest round. Ollama has 8 institutional investors.
Here is the list of recent funding rounds of Ollama:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 09, 2026 | 5866127 | Series B | 1917303 | 6655947 | 6532680 | 4066495 |
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Ollama's founders and board of directors
Founder? Claim ProfileHere are the details of Ollama's key team members:
- Jeffrey Morgan: Co-Founder & CEO of Ollama. Contact Info: 2 email addresses
- Michael Chiang: Co-Founder of Ollama.
View details of Ollama's Founder profiles and Board Members
Ollama's employee count trend
Ollama has 74 employees as of Aug 26. Here is Ollama's employee count trend over the years:
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Ollama's Competitors and alternates
Top competitors of Ollama include Nuro, Beyond Limits and Nscale. Here is the list of Top 10 competitors of Ollama, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Nuro 2016, Mountain View (United States), Series E | Developer of autonomous driving technology for automakers and mobility providers | $2.34B | 72/100 | |
2nd | Ollama 2023, Palo Alto (United States), Series B | Platform offering open-source tools for running large language models locally | $88M | 66/100 | |
3rd |  Beyond Limits 2014, Glendale (United States), Series C | Developer of hybrid artificial intelligence solutions for industrial enterprise applications | $158M | 62/100 | |
4th |  Nscale 2023, London (United Kingdom), Series C | Provider of specialized infrastructure and cloud services for artificial intelligence | $3.72B | 58/100 | |
5th |  Gruve 2024, Redwood City (United States), Series A | Provider of AI infrastructure, inference solutions, and enterprise AI agents | $87.5M | 58/100 | |
6th | AI-based large language model platform provider, offering a range of API services for conversational AI | - | - | 42/100 | |
7th | Developer of data and execution infrastructure for automated markets | $4M | 40/100 | ||
8th |  AI Hub App AI Vietnam, Unfunded | Provider of access to multiple artificial intelligence models and search | - | - | 37/100 |
9th | Provider of a suite of internet-related products and online digital services | - | - | 35/100 | |
10th |  DiscoveryLoop Seed | Developer of automated systems for scientific and engineering experimental loops | - | 27/100 |
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Ollama's Investments and acquisitions
Ollama has made no investments or acquisitions yet.
Reports related to Ollama
Here is the latest report on Ollama's sector:
News related to Ollama
Media has covered Ollama for a total of 3 events in the last 1 year, 1 of them has been about company updates.
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Ollama Raises $65M Series B Funding to Grow Open-source AI PlatformIndia Shorts•Jul 10, 2026•Ollama, Theory Ventures
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Ollama Runs Faster on Mac: Apple MLX Framework Significantly Improves PerformanceNewMobileLife•Mar 31, 2026•Ollama
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Ollama makes local AI more accessible with new app for macOS and WindowsTugatech•Aug 01, 2025•Ollama
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