Business
AI startups Lyzr and Ollama close $100M and $65M Series B rounds
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AI startups Lyzr and Ollama close $100M and $65M Series B rounds
Lyzr raised $100 million by using its own AI agent to manage the fundraising, and Ollama raised $65 million in a Series B led by Theory Ventures.
- Lyzr raised a $100 million Series B at a roughly $500 million valuation.
- Lyzr used its AI agent SivaClaw to field questions from over 130 investors and draft investment memos during the fundraising.
- Ollama raised a $65 million Series B led by Theory Ventures, bringing its total funding to $88 million.
- Ollama CEO Jeff Morgan said the platform is used by over 8.9 million developers monthly and is present in 85% of Fortune 500 companies.
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