$88 million invested in open source: Ollama ran into 85% of the Fortune 500 and shouted "Everyone on board". A single command can pull up large open source models locally. This tool that allows countless developers to get rid of API keys and sky-high bills has just received the fuel for the next journey.

US$88 million in open source: Ollama ran into 85% of the Fortune 500 and shouted "Everyone on board". A single command can pull up large open source models locally. This tool that allows countless developers to get rid of API keys and sky-high bills has just received fuel for the next journey. On July 9, Ollama announced the completion of $88 million in financing on its official blog. The investor lineup spans top venture capital and veterans of the open source world: Peter Fenton of Benchmark, Tomasz Tunguz of Theory Ventures, Alex Kolicich of 8VC co-led the investment, Docker founder Solomon Hykes, ClickHouse CEO Aaron Katz, GIMP co-founder and Cockroach Labs co-founder Spencer Kimball, Amp CEO Quinn Slack, Cisco board member Marianna Tessel, Twitter's former engineering director Michael Montano, as well as Y Combinator, Garage Capital, Pace Capital, 49 Palms, GTMFund and other angels participated in the investment. The company’s founders, Jeff and Michael, were doing the same thing ten years ago. The two met in college and founded Kitematic, which made Docker operation extremely simple. It was acquired by Docker in 2015. The results of their work were later transformed into Docker Desktop, launched in 2016, which is now used by more than 10 million developers around the world. Ten years later, they focused their obsession on making complex technologies available to everyone on AI - Ollama's goal is to allow developers to get up and running open source models in the easiest way. Beyond their wildest imagination, the platform has served 8.9 million developers and is used by 85% of Fortune 500 companies. In Ollama's narrative, the open source model is ushering in a personal computer-like moment for AI: Back then, PCs moved computing power from the mainframe computer room to everyone's desktop for people to own, customize, and build. Now the open source model is doing the same thing. A few years ago, powerful and free open source models have emerged, but there are many obstacles to making them run. The capabilities are clearly present, but they are locked behind the door, and developers cannot use them as easily as they can call proprietary model APIs. The solution given by Ollama is an application that can be downloaded to your computer. You can start the latest application with just one command.