Funding Announcement
Nous Research has confirmed a $90 million Series B funding round, achieving a valuation of $1.5 billion. This announcement aligns with earlier reports from TechCrunch regarding the startup’s financial progress. The funding round was led by Robot Ventures, with notable participation from Nvidia, Union Square Ventures, Menlo Ventures, Samsung, and 1789 Capital, where Donald Trump Jr. is a partner. With this latest investment, Nous Research’s total funding has reached $158 million since its inception three years ago.
Hermes Agent Adoption
The company is widely recognized for its open-source Hermes agent, which has been cloned over 24 million times. According to the startup’s estimates, Hermes accounts for approximately 2.5% of global AI token usage, primarily attracting developers and individual users.
Enterprise Market Expansion
The new funding will facilitate Nous Research’s entry into the enterprise sector with a product named “Hermes for Businesses.” This offering is designed to enable companies to deploy customized AI agents capable of managing multi-step workflows while ensuring the privacy and security of corporate data. However, the company did not disclose a specific launch date for Hermes for Businesses in its announcement.
Revenue Growth
As of mid-September 2026, Nous Research reported an annualized revenue of approximately $36 million and anticipates surpassing $100 million in revenue by the end of 2026, as reported by The Wall Street Journal. The Series B funding is positioned as a means to enhance enterprise features and support broader commercial adoption while continuing to maintain the open-source project that supports Hermes.
Original source: TechCrunch AI