Nous Research Raises $90 Million in Series B Funding
Austin-based Nous Research has announced the successful completion of a $90 million Series B funding round. The company, which specializes in open AI training and research, is known for creating Hermes Agent, a widely used open-source agent harness. The funding round was led by Robot Ventures, with additional investments from Nvidia, Microsoft's M12, and Samsung.
Company Mission and Background
Nous Research is focused on advancing open access to artificial intelligence. Their flagship product, Hermes Agent, is a pivotal tool in the AI community, enabling broad access and utilization of AI technologies. Co-founders Karan Malhotra, who heads behavior research, and Jeffrey Quesnelle have been instrumental in steering the company towards its mission.
Strategic Use of Funds
While specific plans for the newly acquired funds were not disclosed in detail, it is anticipated that the investment will enhance Nous Research's capabilities in AI development and expand their market reach. The infusion of capital is expected to bolster their open AI initiatives and potentially lead to new product innovations.
Investor Participation
The Series B round was spearheaded by Robot Ventures, a firm known for its investments in cutting-edge technology companies. Nvidia, a leader in graphics processing technology; Microsoft's venture fund M12; and Samsung also contributed to this round, highlighting the strategic interest in Nous Research’s open AI platform.
Location and Leadership
Operating out of Austin, TX, United States, Nous Research continues to be a significant player in the AI landscape. The leadership team, including co-founders Karan Malhotra and Jeffrey Quesnelle, remains focused on fostering an environment of innovation and collaboration in the AI sector.
With this substantial Series B funding, Nous Research is well-positioned to further its mission and impact within the AI community.