Nominal Raises $240 Million in Series C at $3 Billion Valuation

Nominal announced a $240 million Series C on Nov. 9 at a $3 billion valuation, giving the hardware-engineering software startup new capital for product development and expansion into additional industries and regions. The valuation is triple the $1 billion level Nominal disclosed in March, alongside an announcement of an additional $80 million. Lightspeed Venture Partners led the Series C, and Insight Partners co-led it. Other investors include Lux Capital, Sequoia, General Catalyst, Founders Fund, Avenir, Lockheed Martin Ventures, Salesforce Ventures and M13. Nominal’s platform connects hardware data with engineering context so teams can investigate problems and make decisions. Its Nominal Analyst AI agent analyzes engineering data and links its answers to supporting evidence.

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