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Nous Research

Nous Research is an AI research lab known for its open-source Hermes series of lightweight, human-aligned language models.

Secondary Market Price

Updated: 
Jan 2026
Current Preferred Price
Date:
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Prospect Projected Preferred
Current FMV
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Prospect Projected FMV
$1B
Company Valuation
Updated: 
Jan 2026
AI
Industry
New York, NY
Headquarters
2023
Year Founded
10+
Employee Count

How Nous Research Measures Up

To help you manage your Nous Research equity, Prospect has run the company through our machine learning model.

Prospect Rating

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This rating reflects our belief in this company's potential to grow to that many times its current value in 4 years. For an employee with stock, this rating suggests a potential return on equity, but it also comes with some risk.

Exit Risk

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Our rating is a reflection of the likelihood of this company achieving a liquidity event for its employees based on the quality of investors, funding stage, founders, and more.

Funding Stage

Series A

A company’s funding stage reflects how established it is, how quickly it is scaling, and the average impact an employee may have when joining.

Est val $1B
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Jan 28, 2026

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Prospect Projected Future Nous Research Prices

Prospect’s machine learning model has been trained on the same data top-tier investors use to project the likely range of outcomes for Nous Research's equity. Create a free account to view 10th-90th percentile projections over 2, 4, and 6 years.

Powerful tools to earn more from your equity

Company Description

Nous Research is an artificial intelligence research lab founded in 2023 with a focus on creating open-source models. Headquartered in New York, the company develops the Hermes series of general-purpose AI models, which have accumulated over 50 million downloads. A core part of its work involves building a fully open AI stack, which includes a distributed pre-training network named Psyche. The company's research and development efforts center on model architecture, data synthesis, fine-tuning, and reasoning capabilities.

Looking forward, Nous Research plans to continue developing its open AI stack to allow broader participation in AI development. The company has recently announced several new models, including Hermes 4, NousCoder-14b for programming, and Nomos 1, a model that ranked second out of nearly 4,000 participants in the 2024 Putnam math competition. Other recent activities include a partnership with hillclimb to create models for advanced mathematics challenges and hosting a hackathon with a $50,000 prize pool. In May 2025, the company raised $50 million in a Series A funding round led by Paradigm.

Nous Research Notable Investors

  • Paradigm
  • Distributed Global
  • North Island Ventures
  • Delphi Digital
  • Together AI
  • Raj Gokal

Nous Research Founders

  • Co-Founder, Jeffrey Quesnelle
  • Co-Founder, Karan Malhotra
  • Co-Founder, Teknium
  • Co-Founder, Shivani Mitra

Peer Group Comparison

Vs Peer Group of >$4B Startups

Frequently Asked Questions

Is Anduril worth joining?

Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.

Is Nous Research worth joining?

Deciding whether to join any startup, including Nous Research, depends on your personal career goals, risk tolerance, and the specifics of the compensation package. Tools like Prospect can help you analyze the potential value of your equity offer to make a more informed decision.

What should I do with my Nous Research stock?

Managing private company stock involves complex decisions around when to exercise options and how to plan for taxes. Platforms like Prospect provide personalized strategies to help you maximize the after-tax value of your equity.

Can you sell Nous Research stock?

As a private company, selling Nous Research stock is generally restricted to company-approved liquidity events, such as tender offers or secondary sales. Tools like Prospect can help you determine the tax-optimal shares to sell during these opportunities.

How can I find the value of my Nous Research stock?

The value of private stock is typically based on the company's latest 409A valuation, but this doesn't reflect its potential future worth. You can use platforms like Prospect, which use proprietary data to forecast your equity's potential value.

What is Nous Research's equity worth?

The ultimate worth of your Nous Research equity is uncertain until a liquidity event like an IPO or acquisition occurs. However, you can model potential outcomes and forecast future value using specialized tools like Prospect.

What is Nous Research's stock ticker symbol?

Nous Research does not have a stock ticker symbol because it is a private company and its shares are not traded on public stock exchanges. Ticker symbols are only assigned to companies once they complete an Initial Public Offering (IPO).

Can I buy or sell Nous Research stock?

As a private company, buying Nous Research stock is typically restricted to accredited investors during specific funding rounds. Selling your shares is also limited, usually to company-approved events like tender offers, which platforms like Prospect can help you navigate.

What is the criteria to buy or invest in Nous Research stock?

Investing in a private startup like Nous Research is typically limited to venture capital firms and accredited investors who meet specific financial criteria defined by regulators. Opportunities for the general public to invest are generally not available until the company goes public.

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