How did they raise that amount of money if they are so hated, I see only bad comments everywhere about ollama. Not a fan of them myself, but they played a good part in local ai since the beginning. The investors screw everything: Ollama announced an $88 million financing on July 9, 2026. The named participants were:
Investment firms and organizations
Benchmark — represented by Peter Fenton
Theory Ventures — Tomasz Tunguz
8VC — Alex Kolicich
Y Combinator
Garage Capital
Pace Capital
49 Palms
GTMFund
Individual investors
Solomon Hykes — Docker founder
Aaron Katz — ClickHouse CEO
Spencer Kimball — Cockroach Labs co-founder and GIMP co-creator
Quinn Slack — Amp CEO
Marianna Tessel — Cisco board member
Michael Montano — former Twitter head of engineering
Other unnamed angel investors
>like lmstudio and google/alphabet maybe!
Investment firms and organizations
Benchmark — represented by Peter Fenton Theory Ventures — Tomasz Tunguz 8VC — Alex Kolicich Y Combinator Garage Capital Pace Capital 49 Palms GTMFund
Individual investors
Solomon Hykes — Docker founder Aaron Katz — ClickHouse CEO Spencer Kimball — Cockroach Labs co-founder and GIMP co-creator Quinn Slack — Amp CEO Marianna Tessel — Cisco board member Michael Montano — former Twitter head of engineering Other unnamed angel investors >like lmstudio and google/alphabet maybe!
Investors are not free