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Hermes stories

Oct 7, 2026

Nous Research raises $90 million at $1.5 billion valuation for open-source AI

Nous Research secured $90 million in funding at a $1.5 billion valuation to develop its Hermes open-source AI assistant for enterprise users, competing with proprietary models.

Oct 7, 2026·2 sources
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Top claims

  • ▪Open-source AI allows users to run their own models on their own hardware, retaining control over their information.
  • ▪Nous Research is targeting corporate clients to help them reduce their dependence on specific software providers through open-source artificial intelligence architecture
  • ▪The open-source artificial intelligence tool Hermes, developed by Nous Research, experienced viral adoption among software developers and individual users in 2026

Topics

AI assistants & chatbotsAI startupsOpen-source AIBusiness & enterprise AIOpen weights vs closed modelsVenture capital funding