Nous Research, a startup developing the open source Hermes Agent, has raised a $90 million Series B at a $1.5 billion valuation, confirming TechCrunch’s previous 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 funding brings the three-year-old startup’s total funding to $158 million.
Hermes Agent, an open source popular among developers and individuals, has been cloned more than 24 million times and accounts for about 2.5% of global AI token usage, according to the startup’s estimates.
The capital will fund Nous Research’s Hermes for Businesses expansion into the enterprise sector, enabling businesses to deploy customized AI agents that can handle multi-step workflows while keeping data private and secure.
According to a Wall Street Journal report, Nous’ annual revenue is expected to reach approximately $36 million by mid-September 2026 and top $100 million by the end of 2026.
