Nous Research raises $90M Series B at $1.5B valuation
Robot Ventures led the round, which brings total funding for the three-year-old open-source AI startup to $158 million.
Nous Research said on October 7, 2026 that it raised a $90 million Series B at a $1.5 billion valuation. Robot Ventures led the round, with participation from Nvidia, Union Square Ventures, Menlo Ventures, Samsung and 1789 Capital, according to TechCrunch.
Total funding for the three-year-old startup now stands at $158 million. The company also announced Hermes for Businesses, an enterprise offering that lets companies deploy customized AI agents for multi-step workflows while keeping data private and secure.
Nous Research said its open-source Hermes agent has been cloned more than 24 million times and estimates the agent drives roughly 2.5% of global AI token usage.
Revenue targets
By mid-September 2026, Nous Research was at roughly $36 million in annualized revenue, according to The Wall Street Journal. The company expects to pass $100 million in annualized revenue before the end of 2026.
The new capital will fund its push into the enterprise sector with Hermes for Businesses. In October 2025, TechCrunch had reported on the company's funding plans before they were confirmed.
Quick answers
How much did Nous Research raise in its Series B?
Nous Research raised $90 million at a $1.5 billion valuation, bringing total funding to $158 million.
Who led Nous Research's Series B round?
Robot Ventures led the round, with participation from Nvidia, Union Square Ventures, Menlo Ventures, Samsung and 1789 Capital.
What is Hermes for Businesses?
It is an enterprise offering from Nous Research that lets companies deploy customized AI agents for multi-step workflows while keeping data private and secure.