Nominal, a Los Angeles, CA–based connected testing and operations platform for hardware engineering teams, has raised $80 million in a Series B-2 acceleration round at a $1 billion valuation.
Investors
The round was led by Founders Fund, with participation from existing investors Sequoia Capital, Lux Capital, General Catalyst, Lightspeed Venture Partners, and Red Glass Ventures.
Founders Fund is a San Francisco–based venture capital firm managing over $18 billion in assets. Founded in 2005, the firm invests in ambitious technology startups that aim to create breakthroughs rather than incremental improvements.
Nominal Use of Funds
The company will use the funding to accelerate product development, expand its global footprint, support hardware engineering teams across industries, and pursue strategic acquisitions and new business lines within the hardware data ecosystem.
About Nominal
Nominal develops a connected testing and operations platform designed for hardware engineering teams building complex physical systems. It connects the entire hardware data supply chain, from instrumentation and data acquisition to analysis, reporting, and operational decision-making. Nominal serves more than 60 global customers and supports thousands of engineers daily across industries, including aerospace, defense, energy, and advanced manufacturing. The company is headquartered in Austin, Texas, with offices in New York, Los Angeles, Washington, D.C., and London.
Funding Details
Company: Nominal, Inc.
Raised: $80.0M
Round: Series B-2
Funding Date: March 2026
Lead Investor: Founders Fund
Additional Investors: Sequoia Capital, Lux Capital, General Catalyst, Lightspeed Venture Partners, Red Glass Ventures
Company Website: https://www.nominal.io
Software Category: Engineering Software / Hardware Operations
Source: https://www.globenewswire.com/news-release/2026/03/05/3250350/0/en/Nominal-Valued-at-1B-as-Founders-Fund-Leads-80M-Acceleration-Round.html