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.
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
- Round: $90M Series B at a $1.5B valuation
- Traction: ~22.7M Hermes downloads since February; usage overtook OpenClaw on OpenRouter
- 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.
Comments
Today
Oct 12 Monday- Brief
- Quiz
- Call
Latest news
All →- Oct 12Moonshot in Settlement Talks Before Its IPO: A Claim Above $700 Million Dating to a Spin-Out
- Oct 12text-to-cad Hits GitHub Weekly Chart: CAD Skills for Agents
- Oct 12colibri Hits GitHub Trending: Pure-C Engine Runs a 744B Model on Ordinary PCs
- Oct 12Moonshot Executives Reported in Settlement Talks With Shareholder, Claim Tops $700 Million
- Oct 11Amazon in Talks to Buy AI Startup Decart in Deal Valued Around $7 Billion
- Oct 11GSK Expands Chai Deal After Wet-Lab Validation of AI Designs