Nous Research raised $90 million from investors including NVIDIA and Microsoft. It aims to counter AI centralization with open, auditable models. Nous fine-tuned Meta’s Llama models for user-aligned outputs. It pioneered synthetic data and open-source tool calling. YaRN extended context windows for open models at low cost. Hermes Agent was released under an MIT license in February 2026. Hermes has been cloned over 24 million times. It drives roughly 2.5% of global token usage. The new funds will build Hermes for Business. Hermes for Business lets companies own and control their AI stacks.
What changed
Nous Research operated with minimal funding and open-source contributions.
What it unlocks
Building and delivering Hermes for Business with new partners and capital.
- $90 million raised
- 24 million clones of Hermes
- 2.5% of global token usage
Sources