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Flash·Companies & Capital·2026-10-07 21:10

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

The Wall Street Journal, Oct 7: Nous Research, the startup behind open-source AI assistant Hermes, raised a $90M Series B at a $1.5B valuation. Hermes has been downloaded about 22.7 million times since February, overtaking OpenClaw in usage on OpenRouter.

HIMIAO Horizon·2026-10-07 21:10·1 min read

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White bold headline $90M with subtext HERMES GOES ENTERPRISE overlaid on a bright office where an open-source robot assistant helps business people
Nous Research raised $90M as Hermes moves from developers into the enterprise · HIMIAO News illustration

What happened

The round was led by Robot Ventures, with Nvidia, Microsoft's M12, Samsung, Union Square Ventures and Menlo Ventures participating; new investor 1789 Capital counts Donald Trump Jr. as a partner. Total funding is now about $158M. CEO Dillon Rolnick said businesses should have "a level of ownership over their own destinies," and open-source architecture reduces dependence on specific software vendors.

Key facts

  1. Round: $90M Series B at a $1.5B valuation
  2. Traction: ~22.7M Hermes downloads since February; usage overtook OpenClaw on OpenRouter
  3. Backers: Nvidia, Microsoft M12 and Samsung

Why it matters

Nous Research is now valued at $1.5 billion with about $158 million raised in total; Hermes has been downloaded about 22.7 million times since February and has overtaken OpenClaw in usage on OpenRouter.
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CompaniesMicrosoft·NVIDIA

SourcesThe Wall Street Journal (Oct 7, source). Compiled from public information; not investment advice.

From HIMIAO Horizon · himiao.ai

NOUS RESEARCHHERMESOPEN SOURCE

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