Open-source artificial intelligence developer Nous Research has successfully raised $90 million in a new financing round that values the startup at $1.5 billion. The capital injection was backed by prominent industry heavyweights, including Nvidia, Microsoft’s M12 venture fund, Samsung, and Union Square Ventures. The company plans to leverage the fresh funds to commercialize its popular Hermes AI agent for enterprise clients. Having been cloned millions of times since its release, the Hermes platform is designed to handle complex local and cloud-based tasks like coding, search, and image understanding. This major investment underscores surging corporate and venture demand for inspectable, customizable alternatives to closed proprietary models.

Full report : Developer of Hermes agent secures massive funding round at a $1.5 billion valuation.