Nous Research confirms $90M Series B and launches Hermes for Businesses
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The round confirms previously reported financing talks, while the business offering makes Nous a more direct enterprise-agent competitor without establishing production reliability or durable adoption.
Nous Research confirms $90M Series B and launches Hermes for Businesses
Nous Research has confirmed a $90 million Series B at a $1.5 billion valuation, led by Robot Ventures. Participants include Nvidia, Union Square Ventures, Menlo Ventures, Samsung, and 1789 Capital. The round brings total funding to $158 million and will finance an enterprise push through Hermes for Businesses. The offering lets companies deploy customized AI agents for multi-step workflows, with privacy and security among its stated features. The confirmation advances the funding talks covered in July, when the reported target was $75 million or more at the same valuation.
The market significance is the move from open-source developer adoption toward enterprise agent deployment. Nous estimates that Hermes Agent has been cloned more than 24 million times and accounts for roughly 2.5% of global AI token usage. Those figures indicate reach, but do not establish paid enterprise adoption or reliable workflow completion. In the agent market, the question is whether distribution translates into an orchestration business with repeatable customer value. TechCrunch also cites The Wall Street Journal reporting that Nous reached roughly $36 million in annualized revenue by mid-September and expects to exceed $100 million before year-end; that target remains a forecast.
For builders evaluating Hermes for Businesses, a concrete next step is to test a representative multi-step workflow against completion rates, human intervention, and data-handling requirements. For investors, the enterprise launch creates a clearer test of whether open-source usage converts into durable commercial demand. Neither clone counts nor estimated token share answers that question, and the article provides no enterprise customer count or retention figures.