This model is way small for a proper assessment (imo). It should be very useful to study how big the real model must be for this purpose. Maybe merging it to a bigger one (adding it as expert style in moe) would be a solution!
Great job to Mistral team.
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!
Peter Fenton invested in the company when it was called Infra.App originally (I think it's still online: https://infra.app/). It was an access management product, then it became desktop Kubernetes product, both they pivoted out of. I imagine he invested based on the technical acumen of the founders and then worked with them to pivot when Ollama started working out. Almost all of the other investors invested in the founders based on that original idea space (which wasn't a great one but was quite adjacent.) I think that includes 8VC, YC, Pace Capital, GTMFund, who all followed on here.
Since it pivoted, I imagine the story they are telling is the usage. But you can add to that Peter Fenton has had incredible success in commercial open source (Docker-ish, Elastic, JBoss, CockroachDB, TimeScaleDB, and if you include Benchmark there is Elastic, Confluent, etc.) so a bunch of these people are probably trying to ride the Peter Fenton/Benchmark train. My guess is that's what Theory is doing.
Investors are not free but they are very hype driven. There are < 10 investors who are truly experts in open source in my opinion in the market (and maybe < 5.) It's a really wacky cadence and I would argue there are different types of OSS businesses, which makes it even more difficult to be an expert. It's something I struggle with personally investing in OSS -- I think I understand the likely motion for an OSS startup and then > 50% of the time I am wrong.
Why blame the investors? You went out of your way to even name them so we can bash them, why? Ollama founders sought them. Ollama founders wanted the money. Ollama founders took the money. Ollama founders took all the decisions that made people now dislike Ollama. Nobody forced their hands, it was their plan all along...
That´s the whole point, once you take the money, not your decision anymore. We also received good offers at Hugston (over 3 million dollars) to buy our decision making but we didn´t take it. It is not easy to deal with the team and the perhaps but we kept our principles.
Nothing against investors, but once they "invest" they are all over your neck and board of administrators weekly. There finishes the joy/innovation and starts the unpleasant route.
We will go out with the new version of HugstonOne (in the coming week) which is way superior and very powerful to everything worldwide right now for Local AI and Privacy and features, but users are 100% ín control, NO TRICKS.
That is a good point actually (this is how we at Hugston measure tokens, in bytes). 270k tokens should be around ~1100kb or 1 MB, so not really enough for a serious project.
All I see lately is a router to proprietary api, pfff so tired of this. It is lame that this is in the first page and my post shadowbanned. Same circle over and over. Evaluating forum platform change...
Even though is just a matter of time for most big tech to add ads, this one was quicker than I thought. It must be certainly very effective (the most effective selling feature ever existed in modern times). The timing was just right also to calm down investors. I guess will be a lot of manipulation happening, (can´t have it all). Verdict, Obligatory move. Expecting drifting from anthropic :)
>To join, fill out the Google Form.
Bro gtfoh