AI Hardware Startup Nominal Raises $240 Million Series C at $3 Billion Valuation
Austin-based AI startup Nominal has secured $240 million in a Series C funding round, bringing its valuation to $3 billion. The round was led by Lightspeed Venture Partners and co-led by Insight Partners, marking a significant jump from the company's $1 billion valuation reported just eight months ago. Nominal provides an AI platform designed for engineering and testing complex hardware systems, including aircraft, nuclear reactors, and smart factories. The company currently serves 80 commercial and government organizations, including defense contractor Anduril. This growth follows a recent $71.2 million Strategic Funding Increase (STRATFI) contract from the U.S. Air Force.
Topics: AI hardware Government contracts Series C funding Startup valuation