Nominal Hits $1 Billion Valuation With $80 Million Acceleration Round to Scale Industrial Software Platform

New updates have been reported about Nominal.

Nominal, a connected testing and operations platform for hardware engineering teams, has raised an $80 million Series B-2 acceleration round led by Founders Fund, lifting its valuation to $1 billion and extending a $75 million Series B closed just 10 months earlier. CEO and co-founder Cameron McCord said the company was not actively fundraising, but accepted the offer after Founders Fund highlighted portfolio-wide reliance on Nominal as core infrastructure for complex hardware programs.

The company’s platform unifies the hardware data supply chain from instrumentation and data capture through analysis, reporting, and real-time operational decision-making, and is used by engineers building satellites, aircraft, autonomous vehicles, energy infrastructure, and advanced defense systems. Nominal reports 7x year-over-year revenue growth, a customer base exceeding 60 mission-critical programs, thousands of daily engineer users, and headcount expansion from 43 to 135 employees across Austin, New York, Los Angeles, Washington, D.C., and London.

In 2025, Nominal broadened its product suite with real-time operational workflows in Nominal Core and launched Nominal Connect to automate and integrate modern test environments, positioning the platform as backbone software for what it describes as an industrial renaissance driven by physical AI, reshored manufacturing, and defense modernization. The company says four of the world’s five largest defense contractors now run key programs on Nominal, underscoring its role in defense and dual-use technologies where reliability and speed are critical.

Backers including Sequoia Capital, Lux Capital, General Catalyst, Lightspeed, and Red Glass joined the latest round, with Sequoia partner and Nominal board member Alfred Lin emphasizing that the software removes friction for engineers working on high-stakes systems. With the new capital, Nominal plans to accelerate product development, expand its global presence, pursue strategic acquisitions, and extend its reach into additional hardware categories, with the long-term goal of becoming foundational industrial software for hardware companies over the next several decades.