Companies

Nominal raises $240 million, tripling valuation to $3 billion

Hardware-testing software startup Nominal has raised $240 million at a $3 billion valuation. That triples its value from March, when the company was valued at $1 billion.

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Nominal, a company whose artificial intelligence-powered software helps engineers test and analyze hardware such as aircraft, satellites and robots, announced the new funding on Monday. The $240 million round is a Series C, led by Lightspeed Venture Partners with Insight Partners as co-lead.

The round lifts the company's valuation to $3 billion. A valuation is the total value investors place on a company, and that figure is triple the $1 billion level set in March.

Nominal valuation over eight months

  • March valuation1 billion $
  • Current valuation3 billion $

Figures are from the company's funding announcement.

In March, Nominal raised $80 million in a Series B-2 round. Other major investors also took part in the latest funding, which brings the company's total new capital in 2025 to $240 million.

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