Nominal Inc., a startup focused on AI-driven hardware testing and engineering software, has secured $240 million in a Series C funding round. The investment was led by Lightspeed Venture Partners and Insight Partners, with participation from Lux Capital, Sequoia, General Catalyst, Founders Fund, Avenir, Salesforce Ventures, M13, and Lockheed Martin Ventures.
This latest round triples the company's valuation to $3 billion. In March, following a $80 million Series B-2 round, the firm was valued at $1 billion. The platform aims to streamline hardware development by integrating data from disparate testing systems, automating testing processes, and utilizing its AI agent, Nominal Analyst, to interpret sensor logs, video, and simulation results.
The company's technology is currently utilized by over 80 commercial and government organizations, including five of the seven largest defense contractors. Notable clients include Anduril Industries Inc., Huntington Ingalls Industries Inc. (HII), and Hermeus Corp. The platform supports various hardware sectors, such as aircraft, rocket engines, autonomous vehicles, drones, and energy systems.
Nominal provides engineers with tools to connect existing engineering applications, databases, and workflows via APIs, SQL, and the Model Context Protocol. Developers can build custom applications and agents directly on the platform. The company intends to leverage these capabilities to help engineers address complex development challenges by automating data analysis and performance verification.
