Nous Research Stock
| Valuation | $1.5B1 |
| Valuation Date | Oct 7, 2026 |
| Implied Valuation | $1.64B |
| Last Price | $175.04 |
| 52-Week High | $175.04 |
| 52-Week Low | $30.42 |
| YTD Return | +475.41% |
| 1-Year Return | +475.41% |
| 3-Year Return | n/a |
| Total Funding | $162M2, 3 |
| Latest Round Amount | $90M2 |
| Latest Round | Series B |
| Funding Rounds | 4 |
| IPO Status | Unknown |
| Expected IPO Date | n/a |
| Revenue | n/a |
| Revenue Type | n/a |
| P/S Ratio | n/a |
About Nous Research
Nous Research is an open-source artificial intelligence lab that builds large language models and the decentralized infrastructure used to train them. Its flagship product is Hermes, a family of open-weight models and an AI agent that can run locally, on a private server or through a hosted cloud service. The company also develops Psyche, a network that trains models across GPUs spread over the open internet using its DisTrO optimizer, with the Solana blockchain coordinating the work. Nous Research makes money by selling subscription access to its cloud-hosted Hermes agent while keeping the underlying model weights free to download. It positions its open, neutrally-aligned models as an alternative to the closed systems built by labs like OpenAI and Anthropic.
Invest in Nous Research
Nous Research is a private company, so you can't purchase it with a regular brokerage account. However, its shares are available on Clarity (formerly Hiive).
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News
Nous Research confirms it hit $1.5B valuation, launches AI agents for business users
Nous Research closed a $90 million Series B at a $1.5 billion valuation led by Robot Ventures and unveiled Hermes for Businesses, an enterprise offering for customizable AI agents that keep customer d...
Nvidia, Samsung back $90M round for AI agent startup Nous Research
Nous Research raised $90 million in Series B funding from Robot Ventures, Nvidia, Samsung, Y Combinator and others to expand adoption of its open-source Hermes agent and paid business editions.
A Note on Our Fundraise
Nous Research CEO Dillon Rolnick says the company raised $90 million from NVIDIA, Microsoft's M12, Samsung, Robot Ventures, Union Square Ventures, Y Combinator and Menlo Ventures to build Hermes for b...
Nous Research Scores $90 Million to Bring Open-Source AI Assistant to Enterprises
The Wall Street Journal reports Nous Research raised $90 million at a $1.5 billion valuation in its Series B, with NVIDIA among the participants, to take the open-source Hermes agent to enterprise use...
Nous Research Adds Live Bot Screen Passthrough to Hermes Desktop
Hermes Desktop now streams each agent's remote Linux desktop in real time so operators can watch computer-use tasks and take control for logins or other sensitive steps.
Nous Research Launches Plugin Catalog for Hermes Agent
Nous opened a reviewed Plugin Catalog for Hermes Agent with one-command installs across official and community extensions spanning desktop, memory, messaging, and automation tools.
Hermes Agent v0.21.0 release
Nous Research shipped Hermes Agent v0.21.0 with Bot Mode multi-agent chats, persistent scheduled-job memory, desktop browser control, and expanded MCP tooling.
Hermes Agent v0.20.0 adds real-time voice and agent-to-agent communication
Nous Research shipped Hermes Agent v0.20.0 with streaming conversational voice, on-device wake words, A2A v1.0 interoperability, and grounded research citations.
Hermes agent maker Nous Research in talks for new funding at $1.5B valuation
Nous Research is finalizing a funding round of at least $75 million led by Robot Ventures, with participation from USV, that would value the open-source AI startup at $1.5 billion.
Hermes Agent integrates Stripe skills for autonomous payments
Nous Research partnered with Stripe to add payment skills to Hermes Agent, enabling agents to buy services, pay per-call APIs, and provision SaaS with configurable safety limits.
Our CEO Dillon Rolnick and CTO Jeffrey Quesnelle had a great time at GTC Taipei & Computex
Nous Research's company LinkedIn page names Dillon Rolnick as CEO and co-founder Jeffrey Quesnelle as CTO after the pair attended NVIDIA GTC Taipei and Computex.
NVIDIA Agent Skills integrated into Hermes Skills Hub
Nous Research integrated NVIDIA's official Agent Skills catalog into the Hermes Skills Hub, covering CUDA-X libraries, Omniverse workflows, and NeMo training tools.
Introducing Hermes 4.3: Local Intelligence Globally Trained
Nous Research released Hermes 4.3, a 36B model with up to 512K context that is its first production model post-trained entirely on the Psyche decentralized training network.
Nous Research Releases Hermes 4: A Family of Open-Weight AI Models with Hybrid Reasoning
Nous Research released Hermes 4, a family of open-weight models in 14B, 70B and 405B sizes that can toggle between standard responses and explicit reasoning, reaching state-of-the-art performance amon...
Democratizing AI: The Psyche Network Architecture
Nous Research launched Psyche, an open network that coordinates AI model training across distributed GPUs over the internet using its DisTrO optimizer and the Solana blockchain.
Crypto VC giant Paradigm makes $50 million bet on decentralized AI startup Nous Research at $1 billion token valuation
Paradigm led a $50 million Series A round for Nous Research, a decentralized AI startup that uses the Solana blockchain to coordinate the training of open-source models, at a $1 billion token valuatio...