Hermes agent maker Nous Research in talks for new funding at $1.5B valuation
The company is raising at least $75 million, led by Robot Ventures, with significant participation from USV and other prominent investors. Nous Research, the startup behind the open-source Hermes agent, is finalizing a new round of funding led by Robot Ventures, with significant participation from USV and other prominent investors at a $1. 5 billion valuation, according to three sources with knowledge of the deal.
Key Takeaways
- The company is raising at least $75 million, and fielded a high level of interest from investors, according to the people.
- Weeks after Openclaw's agent went viral, Nous Research released its own competitor called Hermes.
OpenClaw is an agent that runs locally on a PC and can perform tasks on behalf of the user.
- These tools have become increasingly popular as they allow users to run their AI agents remotely and around the clock.
Open-source and widely adopted, Hermes has amassed a massive following on GitHub, boasting roughly 214,000 stars and nearly 40,000 forks.
- Ivan Mehta Ivan covers global consumer tech developments at TechCrunch.
He is based out of India and has previously worked at publications including Huffington Post and The Next Web.
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Stats & Key Facts
- #The company is raising at least $75 million, led by Robot Ventures, with significant participation from USV and other prominent investors.
- #The company is raising at least $75 million, led by Robot Ventures, with significant participation from USV and other prominent investors.
- #Nous Research, the startup behind the open-source Hermes agent, is finalizing a new round of funding led by Robot Ventures, with significant participation from USV and other prominent investors at a $1.
- #5 billion valuation, according to three sources with knowledge of the deal.
The company was founded in 2023 by Jeffrey Quesnelle, Karan Malhotra, Ryan Teknium, Shivani Mitra. Before this round, it had raised a total of $70 million in funding from investors including Paradigm, Robot Ventures, North Island Ventures, OSS Capital, and Balaji Srinivasan, according to Crunchbase. Weeks after Openclaw's agent went viral, Nous Research released its own competitor called Hermes.
OpenClaw is an agent that runs locally on a PC and can perform tasks on behalf of the user. One key difference is that Hermes shipped with built-in "skills," such as web search, coding and image understanding. Furthermore, it was designed to automatically learn from people's usage and build more skills without manual intervention.
Additionally, the startup has released language models focused on coding and math . Just like Openclaw, users can automate tasks with Hermes and chat with these agents or receive messages from them in apps like Telegram and Discord. These tools have become increasingly popular as they allow users to run their AI agents remotely and around the clock.
For more details please read the original article at TechCrunch AI.
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