Nous Research Raises $90M at a $1.5B Valuation

The startup behind the open-source agent Hermes is targeting the enterprise market with a dedicated offering and high revenue ambitions this year. It has just raised $90 million at a valuation of $1.5 billion, bringing its total funding to $158 million.

2026 Revenue Goals and Announced Valuation

According to the Wall Street Journal, Nous Research's annualized revenue was approximately $36 million as of mid-September 2026. The company aims to exceed $100 million in annualized revenue before the end of 2026. The latest funding round was completed at a valuation of $1.5 billion.

Enterprise Focus with "Hermes for Businesses"

The new funds will support Nous Research's development in the enterprise market through "Hermes for Businesses." This solution is designed to enable companies to implement custom AI agents capable of handling complex processes while ensuring data protection and privacy. According to the startup, Hermes, the open-source agent created by Nous Research, has been duplicated over 24 million times and accounts for nearly 2.5% of total AI token usage.

Funding Round and Involved Investors

Nous Research's Series B round amounts to $90 million and was led by Robot Ventures. Nvidia, Union Square Ventures, Menlo Ventures, Samsung, and 1789 Capital also participated, with the latter having Donald Trump Jr. as a partner. With this operation, the total funds raised reach $158 million for a company founded three years ago.