# Nous Research

> Open-source AI lab behind the Hermes agent and distributed model-training infrastructure.

## Why it is interesting

Nous combines open-source model development with an enterprise agent product. Its Series B tests whether popularity among developers can become durable corporate revenue without abandoning open distribution.

## Profile

- **Latest funding:** Series B — $90M (October 7, 2026)
- **Latest known valuation:** $1.5B (October 7, 2026)
- **Total disclosed equity funding:** $140M
- **Stage:** series-b
- **Status:** private
- **Industries:** ai-ml, consumer
- **Coverage:** full
- **Last updated:** 2026-10-07
- **Latest funding investors:** Robot Ventures, NVIDIA, M12, Samsung, Union Square Ventures, Menlo Ventures

## Key facts

- October 7, 2026: raised $90M Series B at a $1.5B valuation, taking total funding to about $158M.
- The company said Hermes recorded more than 22 million downloads after its February 2026 launch; this is a company-reported adoption figure.
- April 25, 2025: raised $50M Series A led by Paradigm.

## Funding history

- Series B · $90M · October 7, 2026
  Source: https://www.wsj.com/pro/venture-capital/nous-research-scores-90-million-to-bring-open-source-ai-assistant-to-enterprises-516f9208
- Series A · $50M · April 25, 2025
  Source: https://www.theblock.co/news/deals/2025-04-25-paradigm-leads-50-million-usd-round-decentralized-ai-project-nous-research-352000

## Investors in our directory

- https://venturecapitaltracker.com/fund/robot-ventures
- https://venturecapitaltracker.com/fund/nvidia
- https://venturecapitaltracker.com/fund/m12
- https://venturecapitaltracker.com/fund/samsung
- https://venturecapitaltracker.com/fund/union-square-ventures
- https://venturecapitaltracker.com/fund/menlo-ventures

## Related articles

- https://venturecapitaltracker.com/2026-nous-research-90m-series-b-1-5b-valuation

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** October 7, 2026

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.

---
Source: https://venturecapitaltracker.com/startup/nous-research