Nominal raises $240M at a $3B valuation for AI platform used by hardware engineers
The Series C was led by Lightspeed and co-led by Insight; Nominal says it serves more than 80 organisations, including five of the seven largest defence contractors.
Why it matters
Investor money is following AI into the physical economy, where engineering data is scattered across legacy tools. Nominal connects test and telemetry data with engineering context so engineers and AI agents can investigate problems on aircraft, satellites, reactors and factories. Backers include Sequoia, General Catalyst, Founders Fund and Lockheed Martin Ventures. Watch whether defence demand keeps driving valuations for industrial AI software amid the wider AI sell-off.
Key facts
- $240 million Series C
- $3 billion valuation
- Led by Lightspeed Venture Partners, co-led by Insight Partners
- More than 80 commercial and government customers
- Five of the seven largest defence contractors are customers