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Nous Research builds Hermes, an open-source AI agent platform with web search, coding, and vision capabilities that runs locally or in the cloud.
$75MSeries B
A $75M Series B for an open-source agent platform signals that the market is betting hard on *local-first* AI inference as a defensible moat—not just API-dependent agents. If you're building in adjacent agent spaces (automation, workflow, specialized reasoning), this validates that investors see real differentiation in owning the model layer, not just the orchestration layer. Watch how they monetize: open-source + cloud hosting is the play, which means your TAM might be bigger than you think if you can own a piece of the inference stack.