Wu Says learned that, citing TechCrunch and three sources, Nous Research, the startup behind the open-source AI Agent Hermes (a competitor to OpenClaw), is raising at least $75 million at an approximately $1.5 billion valuation. This round is led by Robot Ventures, a crypto venture firm jointly founded by Compound founder Robert Leshner and Gauntlet co-founder Tarun Chitra, with investors including Union Square Ventures (USV). The related funds are intended to be used to expand Hermes’s products and business model.

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