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Nous Research Valuation Hits $1.5B, Launches Hermes for Businesses
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In Short: Nous Research, an open-source AI startup, has raised $90 million at a $1.5 billion valuation and launched Hermes for Businesses.
Nous Research, the startup behind the popular open-source Hermes agent, has raised a $90 million Series B funding round, valuing the company at $1.5 billion, according to TechCrunch.
The Hermes agent, which has been cloned more than 24 million times, drives roughly 2.5% of global AI token usage, according to the startup’s estimates.
Nous Research expects to surpass $100 million in annualized revenue by the end of 2026, up from around $36 million in mid-September, as reported by The Wall Street Journal.
The new funding will support the development of Hermes for Businesses, a service that allows companies to deploy customized AI agents for multi-step workflows while maintaining data privacy and security.
Nous Research’s total funding now stands at $158 million since the company’s inception three years ago.
TechCrunch Mobility is highlighted as a key source for transportation news and insights.
The company is also promoting its TechCrunch Disrupt event, offering 50% off a second pass for attendees who want to share the experience.
The last day to exhibit at TechCrunch Disrupt, which attracts over 10,000 tech leaders, is October 2.
What this adds
The Hermes agent's popularity and usage among developers and individuals is driving significant revenue growth for Nous Research.
The company's focus on enterprise solutions with Hermes for Businesses underscores its strategic shift towards a more commercial model.
What's still developing
- Get your pass and bring someone with you at 50% off.
Sources
- TechCrunchlink