Nous Research has raised $90 million in a Series B funding round led by Robot Ventures at a $1.5 billion valuation. The round included participation from NVIDIA, Microsoft’s M12, Samsung, Union Square Ventures, Y Combinator, Menlo Ventures and 1789 Capital.
Founded in 2023 by Jeffrey Quesnelle, Karan Malhotra, Teknium and Shivani Mitra, the Austin, Texas-based company develops open-source AI models, agents and infrastructure. Its products include Hermes Agent, an open-source AI agent framework, as well as the Hermes family of AI models.
Hermes Agent can operate across terminal, desktop and other environments and is designed to use tools, maintain persistent context and execute multi-step tasks. The software is distributed under the MIT open-source license.
Nous Research plans to use the new financing to expand into the enterprise market through Hermes for Businesses. The offering is intended to allow companies to deploy customised AI agents for business workflows while retaining greater control over their data and AI infrastructure.
