Nous Research has confirmed a $1.5 billion valuation following a $90 million Series B raise led by Robot Ventures with participation from Nvidia, Union Square Ventures, Menlo Ventures, Samsung, and 1789 Capital. This funding brings the three-year-old startup’s total capital to $158 million and marks a strategic pivot from its developer-focused open-source Hermes agent toward enterprise deployment. The new Hermes for Businesses product allows companies to run custom agents handling multi-step workflows while maintaining data privacy and security. Revenue figures reported by The Wall Street Journal indicate the company generated roughly $36 million annually by mid-September 2026 and expects to exceed $100 million before year-end.
The shift signals that open-source models have moved beyond hobbyist use into regulated corporate environments where data sovereignty is mandatory. High token usage from the Hermes clone demonstrates significant underlying demand for accessible AI infrastructure. This transition validates the business case for open weights when paired with enterprise-grade security features.
- Total funding now stands at $158 million
- Revenue target is $100 million by end of 2026
- 1789 Capital includes Donald Trump Jr as a partner
