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Menlo Ventures

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EVENT TIMELINE

2

STARTUPS · 1 SOURCE · TechCrunch AI

Nous Research raises $90M Series B at $1.5B valuation and launches Hermes for Businesses

The Wall Street Journal reported that Nous Research raised a $90 million Series B led by Robot Ventures at a $1.5 billion valuation, bringing the three‑year‑old startup’s total funding to $158 million with participation from investors including Nvidia, Union Square Ventures, Menlo Ventures, Samsung and 1789 Capital. The company said it will commercialize its open‑source Hermes agent with a new offering, "Hermes for Businesses," to let companies deploy customized multi‑step AI agents while keeping data private; Nous estimates Hermes has been cloned over 24 million times and the WSJ reported roughly $36 million in annualized revenue by mid‑September 2026 with a projected >$100 million by year‑end 2026.

8.0

STARTUPS · 1 SOURCE · TechCrunch AI

Lovable reports $600M annual run rate as its vibe-coding platform grows

Lovable’s co-founder Fabian Hedin said at the HumanX summit that the company has crossed an annualized run-rate revenue of $600 million, up from about $500 million in June. Hedin said the startup is focusing on enterprise customers (he claimed two-thirds of Fortune 500 use the product), its apps attract nearly a billion visits per month, and the company has raised over $700 million in two rounds in the past eight months, most recently $400 million in August at a $13.3 billion valuation.

7.0