Nominal Hits $1B Valuation With Series B Extension as It Broadens Beyond Defense

New updates have been reported about Nominal.

Nominal has raised an additional $80 million in a Series B extension led by Founders Fund, lifting the three-and-a-half-year-old company to a $1 billion valuation and building on the $75 million Series B it closed in September, led by Sequoia. The Los Angeles-based software provider, which enables hardware engineers to rigorously test and validate designs, reports that over the past 10 months it has signed four of the five largest U.S. defense contractors, giving it deep penetration into a key, highly regulated customer segment.

CEO and co-founder Cameron McCord, a former U.S. Navy submarine officer and Anduril alumnus, has leveraged his defense background and relationships to secure both strategic customers and capital, including Anduril itself as a flagship client. The latest round, described as preemptive and led by Anduril co-founder and Founders Fund partner Trae Stephens, included follow-on participation from Sequoia, General Catalyst, Lux Capital, Red Glass, and Lightspeed, and positions Nominal to extend its testing platform into industrial markets such as automotive, robotics, and energy, where early adopters already include Pratt Miller Motorsports and nuclear company Antares.