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Open-source Hermes Agent has been downloaded 22.7 million times; Nous Research secures $90 million in funding for its enterprise-focused business.

43 minutes ago

Beating AI Insight News Brief: Nous Research completes a $90 million Series B funding round, with valuation hitting $1.5 billion. Robot Ventures led the round, and participants include Nvidia, Microsoft M12, Samsung, USV, etc. The company has raised approximately $158 million in total to date. The new capital will primarily be used to bring Hermes – an open-source agent that has gone viral among developers this year – to the enterprise market. Since its launch in February, Hermes has been downloaded 22.7 million times. Data from OpenRouter shows its usage has surpassed OpenClaw. As of mid-September, Nous’ annualized revenue stood at around $36 million, and the company projects it will exceed $100 million later this year. Nous does not offer another closed agent for enterprises. Hermes remains free and open-source under the MIT license, allowing enterprises to select their own models or deploy on their own cloud or on-premises servers. Nous adds enterprise-focused features on top, including SSO, employee access permissions, workspace isolation, auditing, cost management, and integrations with Slack and Microsoft Teams. The first enterprise deployments have already begun. Its business model is now clear: Hermes is free and open-source, while Nous generates revenue from models, tools, cloud hosting, and enterprise management services. An open-source agent originally targeted at developers has already achieved $36 million in annualized revenue, and now it aims to validate whether this model can scale in the enterprise space.

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Bitcoin falls below $83,000.

According to HTX market data, Bitcoin has fallen below $83,000, with a 4.02% decline over the past 24 hours.

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US stocks opened with optical communication and Neocloud concept stocks leading the declines, with ALAB falling over 6%.

According to BIT (bit.com) market data, as US stock markets opened, optical communication concept stocks led the declines. Astera Labs (ALAB) fell 6.46%, Applied Optoelectronics (AAOI) dropped 5.77%, Coherent (COHR) down 4.98%, Nokia (NOK) down 4.06%, and Credo (CRDO) down 3.97%. Neocloud stocks all trended lower: Hut 8 (HUT) fell 4.99%, Galaxy Digital (GLXY) down 4.94%, Nebius (NBIS) down 4.64%, TeraWulf (WULF) down 4.48%, Applied Digital (APLD) down 4.34%, and CoreWeave (CRWV) down 2.88%. Most semiconductor stocks declined: Lam Research (LRCX) down 2.99%, Arm (ARM) down 2.63%, Marvell Technology (MRVL) down 1.99%, and AMD down 1.16%. All storage stocks fell: SK Hynix (SKHY) down 2.60%, Western Digital (WDC) down 2.32%, Micron Technology (MU) down 2.04%, and Seagate Technology (STX) down 1.46%.

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The three major U.S. stock indexes all opened lower, with the storage sector seeing widespread declines, and Micron falling more than 3%.

According to BIT (bit.com) market data, US stocks opened, with the Dow Jones Industrial Average down 0.62%, the S&P 500 index down 0.45%, and the Nasdaq down 0.61%. The storage sector fell across the board, with Micron Technology (MU.O) down over 3% and SK Hynix (SKHY.O) down over 2%.

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At the opening of the US stock market, all crypto-related stocks fell, with BitMine down over 5%.

According to market data from BIT (bit.com), all U.S. crypto-related stocks fell at the opening of U.S. stock trading: BitMine (BMNR) dropped 5.04%, SharpLink (SBET) down 4.78%, American Bitcoin (ABTC) down 4.62%, Circle (CRCL) down 4.58%, Strategy (MSTR) down 4.48%, Robinhood (HOOD) down 2.99%, and Coinbase (COIN) down 2.95%.

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An on-chain address purchased 1,470.94 ETH approximately 3 hours ago, with the transaction valued at roughly $3.803 million.

According to on-chain analyst Ai Yi (handle @ai_9684xtpa), a certain address purchased 1,470.94 ETH at an average price of $2,582 roughly 3 hours ago, spending 3.803 million USDC.

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Vest secures $13 million in seed round financing, led by Portal Ventures.

According to Fortune, retail proprietary trading startup Vest Labs announced it has closed a $13 million seed round, led by Portal Ventures, with Citadel Securities, BlackRock, and several KKR executives participating as individual investors. The company did not disclose its post-money valuation. Vest allows eligible traders to use the firm’s capital to trade perpetual contracts in real markets around the clock, with traders retaining up to 80% of profits and the rest going to the company. The firm noted that unlike some retail proprietary trading firms that rely on fees from simulated trading accounts, this model lets Vest benefit from traders’ success rather than betting on their failure. The funding will be used to develop a mobile app, expand its current 22-person team, and add more assets available for round-the-clock trading. Per Vest’s own disclosure, as of late September, roughly 26% of the platform’s around 27,000 traders had received cash payouts, with month-over-month growth exceeding 300% in both monthly active traders and trading volume.

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