Nous Research raises $90M at a $1.5B valuation to bring the open-source Hermes agent to enterprises

What changed

The Wall Street Journal reported on October 7 that Nous Research raised $90 million at a $1.5 billion valuation as it seeks to bring its open-source Hermes agent to business users. Nous describes Hermes as a self-improving open-source agent and emphasizes user control over models, data location, memory and where the agent runs. The financing marks a push from strong developer adoption toward enterprise deployment, where security, governance and scale remain important adoption hurdles.