North Island Ventures
Facts
- HQ
- New York, New York, US
- Sectors
- Venture Capital and Private Equity Principals
- Founded
- 2020
- Employees
- 10
Nous Research in talks for $75M funding at $1.5B valuation for open-source Hermes AI agent
Nous Research is negotiating to raise at least $75 million at a $1.5 billion valuation for its open-source AI agent Hermes, which has 214,000+ GitHub stars and ~40,000 forks and can run locally or in cloud environments for about $20/month. Hermes offers web search, code execution, image interpretation, and auto-learning skills, and the raise would more than double Nous Research’s prior $70 million in funding.
Nous Research Pursues $75M Funding at $1.5B Valuation for Hermes AI Agent with 214,000+ GitHub Stars
Nous Research is negotiating a $75 million funding round at a $1.5 billion valuation to support Hermes, its open-source AI agent with over 214,000 GitHub stars and unique auto-learning capabilities. Hermes runs on various platforms and offers features like web search, code execution, image interpretation, and fluid skill acquisition without retraining.
Seattle AI Startup Venice.ai Raises $65M Series A at $1 Billion Valuation to Expand Privacy-First Chatbot Services
Seattle startup Venice.ai raised $65 million in its first funding round, reaching a $1 billion valuation as it expands its privacy-focused AI services. The company, with 3.5 million users, offers an uncensored chatbot alternative emphasizing data privacy and user control, and has become profitable.
Venice Raises $65M Series A at $1B Valuation Following 12x Surge in VVV Token Within Six Months
Privacy AI platform Venice raised $65 million in Series A funding at a $1 billion valuation after its token VVV surged 12x in six months. The funding will build Venice's first data center to reduce GPU leasing reliance, marking the company's first external equity investment since founding.
Venice AI Raises $65M Series A Led by Dragonfly at $1B Valuation to Expand Privacy-First AI Platform
Venice AI raised $65 million in its Series A funding round led by Dragonfly, reaching a $1 billion valuation and achieving unicorn status. The company will use the funds to expand its privacy-first AI platform by acquiring GPUs and building its own data centers.
Venice.ai Raises $65M at $1B Valuation for Privacy-Focused AI Led by Erik Voorhees and Jesse Proudman
Venice.ai, founded by CEO Erik Voorhees and CTO Jesse Proudman, raised $65 million in Series A funding at a $1 billion valuation to provide a privacy-focused AI service that does not store user prompts or responses. The company aims to compete with mainstream AI services by offering unfiltered, on-device conversations through a range of open-source and commercial AI models.
Nori raises $4M seed from Placeholder-led round to scale crypto carbon-offset marketplace
Seattle startup Nori raised $4 million in a seed round led by Placeholder to expand its crypto-based carbon-offset marketplace that pays farmers for regenerative practices; the platform has sold nearly 13,000 metric tons of CO2 offsets and aims to sell 20,000 more by year-end.
