Company intelligence

Nous Research

As of October 7, 2026, Nous Research was last valued at $1.5B (October 2026 Series B) and has raised at least $140M in equity across 2 sourced funding rounds. Its most recent arr figure is ~$36M ARR, reported by TechCrunch, October 2026.

Nous Research builds open-source AI models and agents, including the Hermes model family and agent, for decentralized and open AI infrastructure.

AI infraFounded 2023Founders: Karan MalhotraWebsite ↗See connections →Compare with Anthropic
Last verified Oct 7, 2026

Nous Research at a glance

As of
Latest valuation
$1.5B[1]
Series B · October 2026
Equity raised
$140M[2]
Across 2 sourced roundsDerived
Total funding (reported)
$158M[3]
October 2026
ARR
~$36M ARR[4]
October 2026
Lead investors
Robot Ventures, Paradigm[5]
Across 2 sourced rounds
  1. [1] Latest valuation: TechCrunch, October 7, 2026
  2. [2] Equity raised: Sum of the 2 sourced equity rounds in the funding history below (debt, tender offers and rumored rounds excluded), October 7, 2026
  3. [3] Total funding (reported): TechCrunch, October 7, 2026
  4. [4] ARR: TechCrunch, October 7, 2026
  5. [5] Lead investors: TechCrunch, October 7, 2026
Ranked on: #19 Highest-Revenue Private Companies 2026 · #44 Largest Series B Rounds of 2026 (Ranked) · Get your badge →

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Company Snapshot

Nous Research is an AI infra company, founded 2023 by Karan Malhotra.

Recent changes

  1. Oct 7, 2026Raised $90M Series B at a $1.5B valuation TechCrunch
  2. Oct 7, 2026First reported valuation: $1.5B TechCrunch
  3. Oct 7, 2026First reported arr: ~$36M ARR TechCrunch
  4. Oct 7, 2026First reported total funding: $158M TechCrunch
  5. Oct 7, 2026New investor: Robot Ventures TechCrunch
Earlier changes (11)
  1. Oct 7, 2026New investor: Union Square Ventures TechCrunch
  2. Oct 7, 2026New investor: Menlo Ventures TechCrunch
  3. Oct 7, 2026New investor: Samsung TechCrunch
  4. Oct 7, 2026New investor: Nvidia TechCrunch
  5. Oct 7, 2026New investor: 1789 Capital TechCrunch
  6. Oct 7, 2026Nous Research Confirms $1.5B Valuation, Launches Hermes Pulse story
  7. Jul 13, 2026Hermes Agent Maker Nous Research in Talks at $1.5B Pulse story
  8. Apr 25, 2025Raised $50M Series A SiliconANGLE
  9. Apr 25, 2025New investor: North Island Ventures SiliconANGLE
  10. Apr 25, 2025New investor: Paradigm SiliconANGLE
  11. Apr 25, 2025New investor: Delphi Ventures SiliconANGLE

Funding history

3 equity events · newest first · sources dated per row
DateRoundAmountValuationLead investorsSource
Oct 7, 2026Series B$90M$1.5Bpost-money
Robot Venturesunverified
WithNvidiaunverifiedUnion Square VenturesunverifiedMenlo VenturesunverifiedSamsungunverified1789 Capitalunverified
TechCrunch
Apr 25, 2025Series A$50M—
Paradigm
WithDistributed GlobalNorth Island VenturesDelphi Ventures
SiliconANGLE
Funding roundRumorednot counted: rumored—$1.5Bpost-money
—
TechCrunch VenturePulse story

Equity only. “Equity raised” above sums the rounds with a dated, linked source; rumored rounds, tender offers and secondary sales are listed but not counted, and debt financing is listed separately.

Funding timeline · 2 rounds · $140M tracked
$0.0M$50M$101M$50MSeries AApr 25$90MSeries BOct 26

Investors

ParadigmRobot Ventures1789 CapitalDelphi VenturesDistributed GlobalMenlo VenturesNorth Island VenturesNvidiaSamsungUnion Square VenturesBalaji SrinivasanOSS Capital L.P

Latest Pulse

  1. Nous Research Confirms $1.5B Valuation, Launches HermesNous Research confirmed it closed a $90 million Series B at a $1.5 billion valuation, settling what was reported in July as talks, and launched Hermes for Businesses to push into enterprise AI agents.→
  2. Ex-OpenAI CTO's Thinking Machines Open-Sources InklingThinking Machines, founded by former OpenAI CTO Mira Murati, open-sourced its first multimodal model, Inkling, built for low cost and resistance to censorship, and it topped Hacker News on release.→
  3. Hermes Agent Maker Nous Research in Talks at $1.5BNous Research, maker of the open-weight Hermes agent models, is in talks for new funding at a $1.5 billion valuation, a meaningful mark for the open side of the AI stack.→

Coverage Timeline

newest first
  1. Oct 7, 2026AINous Research Confirms $1.5B Valuation, Launches Hermes$90M Series B→
  2. Jul 13, 2026FUNDINGHermes Agent Maker Nous Research in Talks at $1.5B$1.5B valuation→

All Coverage

AI

Nous Research Confirms $1.5B Valuation, Launches Hermes

AI$90M Series B

Nous Research Confirms $1.5B Valuation, Launches Hermes

Nous Research confirmed it closed a $90 million Series B at a $1.5 billion valuation, settling what was reported in July as talks, and launched Hermes for Businesses to push into enterprise AI agents.

FOLLOW-UP
FUNDING

Hermes Agent Maker Nous Research in Talks at $1.5B

Illustration for: Hermes Agent Maker Nous Research in Talks at $1.5B
FUNDING$1.5B valuation

Hermes Agent Maker Nous Research in Talks at $1.5B

Nous Research, maker of the open-weight Hermes agent models, is in talks for new funding at a $1.5 billion valuation, a meaningful mark for the open side of the AI stack.

Value Add Research

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Nous Research FAQ

What is Nous Research's valuation?

Nous Research was last valued at $1.5B in its October 2026 Series B, according to TechCrunch (October 7, 2026).

How much has Nous Research raised?

Nous Research has raised at least $140M in equity across 2 sourced funding rounds tracked by Value Add VC. The most recent was a $90M Series B in October 2026 at a $1.5B post-money valuation, reported by TechCrunch. Debt financing, tender offers and secondary sales are not counted. TechCrunch puts total funding at $158M (October 2026).

Who invested in Nous Research?

Lead investors in Nous Research's sourced funding rounds include Robot Ventures and Paradigm. Per round: its October 2026 Series B was led by Robot Ventures; its April 2025 Series A was led by Paradigm.

What is Nous Research's revenue?

Nous Research's most recent arr figure is ~$36M ARR, reported by TechCrunch, October 2026.

Sources & methodologyshow
Where these figures come from

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

How we verify data ·