Nous Research, the creator of the open source Hermes Agent, has officially confirmed it reached a $1.5 billion valuation following a $90 million Series B funding round. This latest round was led by Robot Ventures and included participation from notable investors such as Nvidia, Union Square Ventures, Menlo Ventures, Samsung, and 1789 Capital, where Donald Trump Jr. is a partner. The company's total funding now amounts to $158 million since its founding three years ago.

The Hermes Agent has gained significant traction among developers and individual users, with over 24 million clones and accounting for an estimated 2.5% of global AI token usage. Nous Research plans to leverage the new capital to expand its presence in the enterprise market by launching “Hermes for Businesses.” This enterprise platform will enable companies to deploy customizable AI agents capable of managing complex multi-step workflows while maintaining strong data privacy and security.

Financially, Nous Research has demonstrated rapid growth, reporting approximately $36 million in annualized revenue as of mid-September 2026. The company projects that it will exceed $100 million in revenue by the end of the year, signaling strong demand for its AI technology in business settings. This growth underscores the increasing appetite for AI-driven tools that can streamline operations and enhance productivity across various industries.

The company’s progress and valuation highlight its position as a key player in the AI landscape, particularly in providing scalable, open source AI solutions. With substantial backing from major investors and a clear strategy focused on enterprise adoption, Nous Research is poised to deepen its impact on how businesses use AI agents to automate and optimize workflows.