+22%

est. 2Y upside i

AI & MLSeries B

Nous Research is a leader in the American open source AI movement. We train world-class open source language models and build infrastructure to coordinate distributed, unbiased training.

Rank

#1559

Sector

Artificial Intelligence, Open Source Software

Est. Liquidity

~5Y

Data Quality

Data: Low

Joining Nous Research offers significant upside (expected ~22% over 2 years) but with high risk and low confidence due to absent revenue data.

Last updated: July 19, 2026

Bull (15%)+230%

Nous becomes the leading open-source AI agent platform, capturing significant market share from incumbents. Valuation reaches $5.25B by mid-2028, driven by decentralized training infrastructure and developer community.

Base (45%)+60%

Steady growth with moderate adoption; valuation rises to $2.7B by 2028. Competitive pressures from big tech limit upside, but strong moat keeps valuation above entry.

Bear (40%)-100%

Incumbents (OpenAI, Google) dominate the AI agent space, rendering No us's offering niche. Funding dries up, valuation falls below $0.3B, and common stock is wiped out by preference stack.

Est. time to liquidity~5.0 years

Preference Stack Risk

moderate

Funding Intensity

967%

Total preferred stock of $145M represents 9.7% of current valuation; not severe but significant downside protection for investors.

Dilution Risk

moderate

With only $75M raised in Series B and 44 employees, likely need another round within 2 years, assuming 20% dilution.

Secondary Liquidity

none

No secondary market activity reported; employee shares likely illiquid until exit.

Other — 1 role

View all 1 open roles at Nous Research →

Last updated: February 17, 2026

Questions to Ask at the Interview

Strategic questions based on Nous Research's data — designed to show you've done your homework.

  • 1

    “How will Nous differentiate its open-source AI agent from offerings by OpenAI and Google?”

  • 2

    “What is the monetization strategy for the Psyche network and how will it scale?”

  • 3

    “Given the early stage, what is the expected timeline to liquidity and how will dilution be managed?”

Community

Valuation Sentiment

Our model estimates +22% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.