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

Oct 7, 2026

On October 7, 2026, artificial intelligence startup Nous Research raised $90 million in a funding round valuing the company at $1.5 billion. Following the viral success of its Hermes open-source AI tool among individual developers in 2026, Nous Research is expanding into the enterprise market. The startup is betting that corporate clients will adopt open-source architecture to secure greater control over their data and reduce reliance on single software providers.

Nous Research funding round

  • ▪Nous Research plans to use the $90 million in funding to bring its open-source artificial intelligence assistants to business and corporate users
  • ▪Nous Research raised $90 million in a funding round that valued the artificial intelligence startup at $1.5 billion, as reported

Open-source AI enterprise expansion

  • ▪Nous Research is expanding its customer base to corporations, betting they will seek open-source architecture to maintain greater control over their data
  • ▪The open-source artificial intelligence tool Hermes, developed by Nous Research, experienced viral adoption among software developers and individual users in 2026
  • ▪Nous Research is targeting corporate clients to help them reduce their dependence on specific software providers through open-source artificial intelligence architecture

Debatable claims

  • ▪Open-source AI allows users to run their own models on their own hardware, retaining control over their information.
  • ▪Open-source AI is ready to replace proprietary enterprise software

2 sources

The Wall Street Journal
Exclusive | Nous Research Scores $90 Million to Bring Open-Source AI Assistant to Enterprises
View source article
The Wall Street Journal
Maker of Open-Source AI Assistant Hermes Secures $90 Million
View source article

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Topics

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

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