Nominal raises $240 million at a $3 billion valuation for AI hardware testing
Nominal raised $240 million in a Series C round led by Lightspeed Venture Partners and Insight Partners, according to SiliconANGLE. The funding triples the hardware testing software company's valuation to $3 billion, up from $1 billion after an $80 million round in March.
Lux Capital, Sequoia, General Catalyst, Founders Fund, Avenir, Salesforce Ventures, M13 and Lockheed Martin Ventures also participated. Nominal says more than 80 commercial and government organizations use its platform, including Anduril, HII and Hermeus.
Nominal's software combines sensor readings, logs, video and simulation results from hardware tests. Its Nominal Analyst AI agent examines that data, compares tests and checks results against engineering requirements for aircraft, rocket engines, autonomous vehicles, drones and energy systems.
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