Series C · Enterprise software
Nominal raises $240 million Series C at $3 billion valuation
Lightspeed and Insight Partners led funding for hardware engineering software.
Nominal announced a $240 million Series C on November 9, 2026, led by Lightspeed and co-led by Insight Partners. The financing values the company at $3 billion.
The Austin-based company connects engineering data with the context needed to test and improve complex hardware. Its platform serves teams working on aircraft, robotics, energy systems and industrial equipment.
The funding will support new engineering applications and AI agents, expansion into additional industries and regions, and strategic acquisitions.
Use of funds
Develop hardware engineering AI products
Expand industries and regions