Nominal Raises $80M, Reaches $1B Valuation
Nominal, the connected testing and operations platform for hardware engineering teams, announced it has raised $80 million in a Series B-2 Acceleration Round led by Founders Fund, with participation from existing investors Sequoia Capital, Lux Capital, General Catalyst, Lightspeed, and Red Glass, bringing the company’s valuation to $1 billion.
The funding comes just 10 months after Nominal closed its $75 million Series B round led by Sequoia, highlighting the rapid momentum behind the company’s platform and growing demand from engineering teams building complex hardware systems.
Key highlights:
- $80M Series B-2 Acceleration Round led by Founders Fund
- Company valuation reaches $1 billion
- Revenue grew 7Ă— year-over-year
- Platform serves thousands of engineers daily
- Workforce expanded from 43 to 135 employees globally
Nominal co-founder and CEO Cameron McCord said:
"We weren't raising, but Trae Stephens at Founders Fund came to us with an offer for the resources to accelerate our progress. When Founders Fund tells you they see every product in the category and they're choosing you, you listen."
Trae Stephens, Partner at Founders Fund and co-founder of Anduril, explained that the decision to lead the round was driven by direct feedback from engineering teams across the firm’s portfolio.
“the decision to lead the round was driven by direct feedback from founders and engineering teams across Founders Fund’s portfolio, including Anduril… Nominal had become essential infrastructure.”
Nominal offers a unified platform that connects the entire hardware data supply chain, from instrumentation and data acquisition to analysis, reporting, and operational decision-making.
The platform is used by engineering teams building satellites, aircraft, autonomous vehicles, energy infrastructure, and advanced defense systems, where reliability, speed, and operational clarity are critical.
In 2025, the company expanded its platform by introducing real-time operational workflows in Nominal Core and launching Nominal Connect, enabling automation and integration across modern testing environments.
Alfred Lin, Partner at Sequoia and Nominal board member, said:
"Engineers building complex systems shouldn't have to work around their tools. Nominal removes that friction to give teams both speed and reliability."
With the new funding, Nominal plans to accelerate product development, expand globally, and pursue strategic acquisitions across the hardware data ecosystem. The company recently opened a London office to support growing European demand.
Today, four out of the world’s five largest defense contractors rely on Nominal to support mission-critical hardware programs.
