Hardware-testing startup Nominal raises $240M, tripling valuation to $3B. The defense tech company plans product development and geographic expansion.
PRIVATENov 09, 2026
Amount Raised
$240 Million
Round Type
Venture
AustinFinancial ServicesSoftware
Investors
Lockheed Martin Ventures
Description
Nominal, a hardware-testing startup serving defense, space, energy, and automotive sectors, raised $240 million in a funding round that valued the company at $3 billion. The company has more than tripled its revenue this year and counts over 80 commercial and government customers, including five of the seven largest U.S. defense contractors. Nominal plans to deploy the capital toward product development, geographic expansion, and potential acquisitions following two earlier startup purchases
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Company Information
Company
Nominal
Location
1018 W 11th St.
Austin, Texas, United States
About
We are Nominal, and we empower the next-generation economy.
Nominal modernizes and automates accounting and financial management, providing robust reporting, multi-entity consolidation, workflow automation (including accruals and revenue), lease compliance (ASC 842/IFRS 16), period-end close collaboration, and much more.
Nominal's generative subledgers transform business logic into actions and insights using Generative AI - without the need for costly engineering or lengthy IT projects. Our shadow-ledger is implemented in days, not months, and seamlessly integrates with existing general ledgers and ERPs.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Nominal raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
AustinFinancial ServicesSoftware