Nous Research confirms it hit $1.5B Valuation, launches AI agents for business users
Quick Look
- Nous Research, developer of the open-source Hermes AI agent, secured a $90 million Series B funding round led by Robot Ventures, valuing the company at $1.5 billion.
- The round included participation from Nvidia, Union Square Ventures, Menlo Ventures, Samsung, and 1789 Capital, where Donald Trump Jr. is a partner.
- The startup plans to use the capital to expand into the enterprise market with 'Hermes for Businesses,' enabling customized, secure AI agents for multi-step workflows.
AI-generated summary
Why It Matters
Nous Research is a three-year-old startup known for developing the open-source Hermes AI agent, which has been widely adopted by developers and individuals.
Nous Research, the startup developing the open-source Hermes agent, has raised a $90 million Series B at a $1.5 billion valuation, The Wall Street Journal reported on Wednesday, confirming TechCrunch’s earlier reporting.
The round was led by Robot Ventures, with participation from other backers including Nvidia, Union Square Ventures, Menlo Ventures, Samsung, and 1789 Capital, where Donald Trump Jr. is a partner. The new financing brings the three-year-old startup’s total funding to $158 million.
Popular among developers and individuals, the open-source Hermes agent has been cloned more than 24 million times, driving roughly 2.5% of global AI token usage, according to the startup’s estimates.
The capital will fund Nous Research’s push into the enterprise sector with “Hermes for Businesses,” allowing companies to deploy customized AI agents that can handle multi-step workflows while keeping their data private and secure.
Nous was at roughly $36 million in annualized revenue by mid-September 2026 and expects to pass $100 million before the end of 2026, The WSJ reported.
What to Watch
AI outlook — possibilities, not facts
Nous Research will exceed $100 million in annualized revenue by the end of 2026
Likely · Within months
The 'Hermes for Businesses' product will gain enterprise adoption in 2027
Possible · Within months
Open Questions
- What specific enterprise clients are targeted for 'Hermes for Businesses'?
- How will the funds be allocated between product development, hiring, and market expansion?
- What competitive advantages does Hermes offer over proprietary enterprise AI agents?







