Union Square Ventures
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Headlines · 2
- Union Square Ventures raises $900M, doubles fund size for AI era
New York-based venture firm Union Square Ventures has raised $900 million in new money, including $500 million for its latest early-stage fund, up from $275 million in 2024. The firm is also cutting its general partnership to four investors, including Nick Grossman, and aims to lead more AI rounds.
Bloomberg Technology · 🔥 0 - Nous Research raises $90M at $1.5B valuation, launches Hermes for Businesses
Nous Research, maker of the open-source Hermes agent, raised a $90 million Series B led by Robot Ventures, with participation from Nvidia, Samsung, Union Square Ventures, Menlo Ventures, Y Combinator and 1789 Capital (The Next Web also lists Microsoft's M12). TechCrunch and The Wall Street Journal put the valuation at $1.5 billion, while Techmeme's headline says $1.2 billion; the company did not disclose a valuation itself. The money will fund "Hermes for Businesses," aimed at letting companies pick models by price and goal, keep AI usage private and own their company knowledge. Nous says Hermes has been cloned more than 24 million times since its February MIT-licensed release and drives roughly 2.5% of global AI token usage — its own estimate — while the Journal reported about $36 million in annualized revenue by mid-September and an expectation of passing $100 million by year-end.
Techmeme · 🔥 0
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