Open-Source Agent Hermes Hits $1.5B Valuation as Nous Research Raises $75M
The funding puts an open-source agent framework into unicorn territory, an unusual outcome for a project whose core is freely available.
The open-source AI agent Hermes reached a $1.5 billion valuation as its maker, Nous Research, raised $75 million, per @AwinBuilder. We generally skip funding rounds, but the counterintuitive angle here earns coverage: investors are assigning unicorn value to a company whose flagship product is open source.
Unlock the full briefing
Get every story in today's briefing, the full archive, and the daily AI intelligence brief.
All stories today
Full archive
Daily brief
Cancel anytime. Payments powered by Stripe.