Source: TechCrunch
Summary
Hermes agent’s developer announced a $90 million Series B funding round, according to TechCrunch. The company, which creates an AI-powered agent for developers, said the funding will support product development and expansion. The round was led by a16z and other investors. The company has not yet released a public product. The funding comes amid increased interest in AI tools for software development.
Our Reading
The launch follows a familiar script.
Hermes agent gets $90 million for a product that doesn’t exist yet.
AI agents are the new thing, even if they’re just chatbots with better marketing.
Series B funding is always a sign of confidence, even when the product is still in stealth.
This is the same story we’ve heard a dozen times this year.
The real innovation? Raising money before shipping anything.
Author: Evan Null
