Nous Research develops Hermes Agent, an open-source AI agent released in February 2026. Secondary sources name Jeffrey Quesnelle as CEO and list Karan Malhotra, Teknium and Shivani Mitra among its co-founders; the company's headquarters city could not be confirmed.
On October 7, 2026 it confirmed a $90 million Series B at a $1.5 billion valuation led by Robot Ventures, with Nvidia, Union Square Ventures, Menlo Ventures, Samsung and 1789 Capital participating, bringing total funding to $158 million. The Wall Street Journal reported about $36 million in annualized revenue by mid-September and a goal of more than $100 million by year-end. It launched Hermes for Businesses alongside the round.