Nominal

Defense Tech · Industrial Software · AI

Funding

Nominal raises $240M Series C, valuation triples to $3B

Defense contractors are paying for software that turns scattered engineering data into institutional memory AI can actually use.

• Nominal closed a $240M Series C at a $3B valuation, led by Lightspeed Venture Partners and co-led by Insight Partners, tripling the $1B valuation it reached after an $80M raise in March 2026.
• Nominal's platform unifies hardware test data, design history and engineering context for aerospace, defense, energy and automotive teams, with AI agents layered on top to speed up analysis.
• Nominal says revenue has more than tripled so far in 2026 and it now serves over 80 commercial and government customers, including five of the seven largest U.S. defense contractors.
• Nominal has acquired two startups this year, including test-data company Pull Systems, folding adjacent tools directly into its platform rather than building everything from scratch.
• The new capital is earmarked for product development, expansion into new regions and industries, and further acquisitions as the company keeps consolidating the hardware-testing stack.
• The round shows venture capital flowing not just into drones and robots themselves but into the software layer that helps engineers test, trace and trust physical hardware amid a reshoring and defense-spending boom.