Popular open source AI developer tool Ollama raises $65M, grows to nearly 9M users

Ollama, a platform that enables developers to run large language models locally on personal hardware, has secured 65 million dollars in funding led by Benchmark. The project has reached nearly 9 million users, reflecting a growing industry trend toward decentralized AI infrastructure. By simplifying the process of executing models on individual machines, the tool reduces reliance on centralized cloud services and lowers operational costs for developers building privacy-focused applications.