Nous Research Hits $1.5B Valuation Amid Enterprise Pivot
AI-generated image · US National Wire
The open-source developer raises $90 million to launch 'Hermes for Businesses' as it chases a $100 million revenue target.
As TechCrunch first reported, Nous Research has confirmed a $1.5 billion valuation following a $90 million Series B funding round. The round was led by Robot Ventures, with additional participation from Nvidia, Samsung, Union Square Ventures, Menlo Ventures, and 1789 Capital, a firm where Donald Trump Jr. serves as a partner. This latest injection of capital brings the total funding for the three-year-old company to $158 million.
While the startup gained initial traction through its open-source Hermes Agent—which the company estimates has been cloned over 24 million times and accounts for approximately 2.5% of global AI token usage—it is now pivoting toward the corporate sector. TechCrunch reports that the company is launching "Hermes for Businesses," a product designed to let enterprises deploy customized AI agents capable of managing multi-step workflows while maintaining data security.
Financial performance remains a key metric for the valuation. Reporting from The Wall Street Journal indicates that Nous Research had reached roughly $36 million in annualized revenue by mid-September 2026. The company expects its revenue to exceed $100 million before the end of 2026.