Hardware AI testing startup Nominal has raised a $240 million Series C round led by Lightspeed Venture Partners and co-led by Insight Partners, tripling its valuation to $3 billion.
The platform supports engineering workflows for complex hardware systems.
According to an announcement on Monday, November 9, 2026, the company raised $240 million in a new funding round, reaching a valuation of $3 billion. The round was led by Lightspeed Venture Partners and co-led by Insight Partners.
Previous funding and investors
The development follows an announcement last March that the company had secured $155 million at a valuation of $1 billion, in a deal initially proposed by investor Trae Stephens of Founders Fund. Nominal’s investors also include funds such as Sequoia, General Catalyst and Lux Capital.
Customers and support from the Air Force
The company says it has 80 commercial and government customers, including Anduril. In October 2026, the United States Air Force selected Nominal for a $71,2 million investment through a special program that requires matching funding from external investors.
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Nominal's CEO and co-founder is Cameron McCord, a former US Navy submarine officer and former Anduril executive.
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