Nous Research raises $90M at reported $1.2B–$1.5B valuation for enterprise Hermes
Nous Research has raised $90M to build Hermes for Businesses, a commercial version of its open-source Hermes agent, with investors including Nvidia, Microsoft's M12, Samsung, Robot Ventures, Union Square Ventures, Y Combinator and Menlo Ventures, CEO Dillon Rolnick wrote. Nous did not disclose a valuation: WSJ, which first reported the news, was cited by Techmeme at $1.2B while The Next Web said $1.5B. Hermes was released under the MIT licence in February and has been downloaded more than 22 million times since, according to WSJ, while Nous says it has been cloned over 24 million times and estimates internally that it drives about 2.5% of global token usage.