Nominal raised US$240 million in a Series C round at a US$3 billion valuation. Lightspeed Venture Partners led the round, and Insight Partners co-led it. The company builds a hardware intelligence platform for engineering teams.
Additional investors
The round included Lux Capital, Sequoia, General Catalyst, Founders Fund, Avenir, and Salesforce Ventures. M13, Lockheed Martin Ventures, Red Glass Ventures, PSP Growth, and Deployment Capital also participated. Nominal announced the funding on November 9, 2026.
Customer traction
More than 80 commercial and government organizations use Nominal. Five of the seven largest defense contractors are customers. At Anduril Industries, more than 300 engineers use the platform across programs.
How the platform works
Nominal connects hardware data with the engineering context behind it. Engineers can investigate problems and make better-informed decisions. Nominal Analyst, its first AI agent, runs analyses with answers traceable to evidence.
Nominal plans to expand into new industries and regions, including through acquisitions. This year it acquired Fid Labs and Pull Systems. Pull Systems extended the platform into automotive.