Nous Research, the startup behind the open-source Hermes agent, is finalizing a new round of funding led by Robot Ventures, with significant participation from USV and other prominent investors at a $1.5 billion valuation, according to three sources with knowledge of the deal. The company is raising at least $75 million, and fielded a high level of interest from investors, according to the people. The new round is coming less than three months after Nous announced its $50 million Series A.
Nous Research declined to comment. USV and Robot Ventures didn’t respond to our request for comment.
The company was founded in 2023 by Jeffrey Quesnelle, Karan Malhotra, Ryan Teknium, Shivani Mitra. Before this round, it had raised a total of $70 million in funding from investors including Paradigm, Robot Ventures, North Island Ventures, OSS Capital, and Balaji Srinivasan, according to Crunchbase.
Besides Hermes development, Nous Research has a decentralize network to contribute hardware for compute and training. Plus, it has released language models focused coding and math.
Weeks after Openclaw’s agent went viral, Nous Research released its own competitor called Hermes. OpenClaw is an agent that runs locally on a PC and can perform tasks on behalf of the user. One key difference is that Hermes shipped with built-in “skills,” such as web search, coding and image understanding. Plus, it was designed to automatically learn from people’s usage and build more skills without any intervention required.
