Nous Research raises $90 million at a $1.5 billion valuation

Nous Research raises $90 million at a $1.5 billion valuation

N
News Editor
2026-10-07 10:40:58
According to The Wall Street Journal, Nous Research, the developer behind the open-source agent Hermes, has completed a $90 million funding round at a $1.5 billion valuation. The company said it plans to bring its open-source AI assistant tools to enterprise users. Nous Research previously released Hermes as a local and cloud-based AI agent with built-in capabilities including search, coding and image understanding. The company also said the system can expand its abilities by learning automatically from user interactions. The report centers on both the financing and the company’s product direction as it looks to serve business customers with its open-source assistant tools.

According to The Wall Street Journal, Nous Research, the developer of the open-source agent Hermes, has completed a $90 million funding round at a $1.5 billion valuation.

The company plans to bring its open-source AI assistant tools to enterprise users.

Nous Research previously launched Hermes as a local and cloud-based AI agent with built-in capabilities including search, code writing and image understanding. It can also expand its abilities by learning automatically from user usage.

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