The Pulse

Nominal raises $240M in Series C at $3B valuation

Nominal announced a $240 million Series C at a $3 billion valuation, led by Lightspeed Venture Partners and co-led by Insight Partners. Its platform connects hardware data with engineering context and is used by more than 80 commercial and

AI.info Team · Written with AI · fact-checked · 2026-11-09

Funding for engineering software

Nominal announced a $240 million Series C at a $3 billion valuation and will use the funding to build its platform for hardware engineering. Lightspeed Venture Partners led the round, with Insight Partners as co-lead; Nominal named Lux Capital, Sequoia and General Catalyst among the other investors.

The company’s software is aimed at engineering teams working on complex physical systems. Nominal connects hardware data with the engineering context needed to understand that information, investigate problems and make decisions. Nominal describes the gap it is targeting as fragmented data across legacy systems and disconnected tools, with important knowledge often held in individual engineers’ experience.

Data and AI tools

Nominal’s platform gives AI agents access to the same data and context as engineering teams, helping them analyze information and surface relevant knowledge. Its first AI agent, Nominal Analyst, investigates engineering data and runs complex analyses, with answers traceable to the evidence underneath them, according to the company.

The software is available for cloud deployments, on-premises infrastructure, air-gapped environments and edge devices. Its Nominal for Developers product provides access through SQL, APIs and MCP, allowing engineers to connect existing tools, build applications and create workflows and agents. Engineers retain control over decisions, reviews and approvals, Nominal says.

Cameron McCord, Nominal’s co-founder and CEO, said the company wants to connect organizations’ engineering knowledge to data so engineers can take on harder problems. He said the platform is intended to help engineers work with AI while keeping them in control.

Customers and reported results

More than 80 commercial and government organizations use Nominal’s product, including five of the seven largest defense contractors. At Anduril Industries, more than 300 engineers rely on the platform across programs. Nominal said analysis that once took five to six hours now happens in near real time.

At HII, Nominal reported that certain analysis tasks fell from hours to minutes and some production test steps were cut by approximately half. Nominal also said Hermeus reduced the time between uploading data and reviewing it by 80% while designing and building its Quarterhorse Mk 1 aircraft in seven months.

The Air Force recently selected Nominal for a $71.2 million Strategic Funding Increase, or STRATFI, to support Collaborative Combat Aircraft capability development, Nominal said. Nominal described the selection as a step in its work with defense customers, where teams may need to share test evidence across companies and government test groups while protecting intellectual property.

Products and expansion

The funding will support deeper products for engineers and engineering enterprises. Nominal is developing agents and applications for work across a machine’s lifecycle, including requirements verification, planning, scheduling and fleet health.

Nominal plans to expand into new industries and regions, including through strategic acquisitions. This year, Nominal acquired Fid Labs, whose team is developing its agents, and Pull Systems, extending the platform into automotive.