Nous Research raises $90M to take its Hermes AI agent to businesses

Nous Research has raised $90M to build a business version of Hermes, its open-source AI agent. Nvidia, Microsoft’s M12, Samsung, Robot Ventures, Union Square Ventures, Y Combinator and Menlo Ventures are among the investors, chief executive Dillon Rolnick wrote in a note on the company’s website.

The round values Nous at $1.5bn, The Wall Street Journal reported, which first broke the news. Nous did not give a valuation.

“Somehow, $90 million is modest in modern fundraising. We at Nous have always delivered more with less,” Rolnick wrote.

From fine-tuned models to an agent

Nous formed in 2023 to push back against what it calls a trend towards centralised, walled-off AI. It started by fine-tuning Meta’s Llama models so they follow the views of each user, Rolnick wrote. It also published YaRN, a method that gives open models longer context windows at lower cost.

Nous released Hermes under the...

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