- Companies
- Nominal
Nominal Valuation, Funding & Investors
Nominal is valued at $1B as of March 2026.
Last Nominal valuation
$1B
Series B · Mar 2026
Last Nominal funding round
$80M
Series B · Mar 2026
Cumulative funding Nominal raised
$183M
across 4 funding rounds
Key investors in Nominal
General Catalyst
Founders Fund
Lux Capital
Sequoia Capital
Lightspeed Venture Partners
Haystack
About Nominal
Nominal is an Austin-based data infrastructure platform for hardware engineering teams. Its Core software ingests multi-modal test data, offers visualization dashboards, and automates validation workflows. The Connect product supports edge analytics and hardware-in-the-loop testing for sectors including aerospace, defense, automotive, and energy.
Founded
2022
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$1B (Mar 2026)
Nominal Valuation
Nominal is currently valued at $1B, based on its Series B in March 2026.
The $80M round was led by Founders Fund, with participation from General Catalyst, Red Glass Ventures, Lux Capital, Haystack, Sequoia Capital and 3 other investors.
Nominal valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2026 | Series B | $1B |
Nominal Funding History
Nominal has raised a total of $183M across 4 funding rounds.
Nominal's first fundraising round was a $20M Series A in April 2024. The most recent completed round was a $80M Series B in March 2026.
Nominal funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2026 | Series B | Founders Fund (lead); General Catalyst; Red Glass Ventures; Lux Capital; Haystack; Sequoia Capital; Lightspeed Venture Partners; Avenir; SignalRank | $80M | $1B | - |
| Jun 2025 | Series B | Sequoia Capital (lead); General Catalyst; Lux Capital; Lightspeed Venture Partners; Founders Fund; SignalRank; Karman Ventures | $75M | - | - |
| Apr 2024 | Seed | Lux Capital (lead); Founders Fund | $8M | - | Nominal is a space technology company that provides software and hardware solutions for testing and operational activities in the aerospace sector. The company's platform, which includes Core and Connect products, serves customers conducting hypersonic materials testing, drone operations, and other field deployments requiring real-time data management and analysis. In 2024, Nominal generated $5 million in revenue. The company has demonstrated strong growth momentum, with a 10x increase in revenue and a 6x increase in customers year-over-year since November 2022. Nominal's customer base includes dozens of organizations with operational field deployments, and the company benefits from high customer re-engagement rates as organizations that initially deferred adoption return to the platform. The company addresses a substantial addressable market, with an estimated TAM of approximately $64.5 billion in 2025, projected to grow to $121.4 billion by 2030. |
| Apr 2024 | Series A | General Catalyst (lead); XYZ Venture Capital; BoxGroup; Haystack; Overmatch Ventures; Human Capital | $20M | - | - |
Who has invested in Nominal?
14 investors have backed Nominal across its funding rounds, including General Catalyst, Founders Fund, Lux Capital, Sequoia Capital, Lightspeed Venture Partners and Haystack.
Lead investors include Founders Fund, Sequoia Capital, Lux Capital and General Catalyst.
Nominal Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Apr 2024 | ||
| 3 | Lead | Apr 2024 | ||
| 3 | Lead | Apr 2024 | ||
| 2 | Participant | Apr 2024 | ||
| 2 | Lead | Jun 2025 | ||
| 2 | Participant | Jun 2025 | ||
| 2 | Participant | Jun 2025 | ||
| 1 | Participant | Apr 2024 | ||
| 1 | Participant | Mar 2026 | ||
| 1 | Participant | Apr 2024 | ||
| 1 | Participant | Apr 2024 | ||
| 1 | Participant | Apr 2024 | ||
This data is available for Pro users. Sign up to see all 14 Nominal investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Nominal
Nominal has acquired 1 company to date.
Last acquisition by Nominal was on April 29th 2026. Nominal acquired Fid Labs for undisclosed valuation.
Latest Acquisitions by Nominal
| Description | Fid Labs develops tools for robot developers using generative AI. |
| HQ Country | |
| HQ City | New York City, NY |
| Deal Date | 29 Apr 2026 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Nominal acquisitions and their M&A valuation multiples. Start Free Trial | |
Nominal Competitors
Nominal competitors include listed companies like Business-intelligence and Teradata, and private ones like Treasure Data, Imply, Tealium and Atlan.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $1.1B | - | ||
| Private | - | - | $1.2B | - | ||
| Private | $10M | - | $750M | 75.0x | ||
| Publicly listed | $389M | $54M | $2B | 5.9x | ||
| Publicly listed | $1.7B | $285M | $2.7B | 1.5x |
Nominal Public Comps
Nominal is still privately-owned, but its public comps include Beijing Join-Cheer, e-Hualu, Clarivate, Red Violet, WingArc1st, Similarweb, Cognyte Software, Plus Alpha Consulting, Latent View Analytics and Claritev.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $386M | $11M | 1.9x | - | 68.9x | - | |||
| $69M | ($310M) | 24.1x | - | (5.4x) | - | |||
| $2.5B | $829M | 2.1x | 2.2x | 6.3x | 5.3x | |||
| $90M | $24M | 13.2x | 11.7x | 50.0x | 31.7x | |||
| $199M | $70M | 3.5x | 3.3x | 10.0x | 10.5x | |||
| $283M | ($15M) | 2.5x | 2.3x | (48.6x) | 26.2x | |||
| $400M | $21M | 1.5x | 1.4x | 27.6x | 9.8x | |||
| $110M | $36M | 4.2x | 3.8x | 12.9x | 9.4x | |||
This data is available for Pro users. Sign up to see all Nominal competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Nominal
| When was Nominal founded? | Nominal was founded in 2022. |
| Where is Nominal headquartered? | Nominal is headquartered in Austin, TX, United States. |
| Is Nominal publicly listed? | No, Nominal is a private, VC-backed company. |
| What is Nominal's valuation? | Nominal was last valued at $1B in its Series B in March 2026. |
| How much funding has Nominal raised? | Nominal has raised $183M across 4 funding rounds. |
| What was Nominal's last funding round? | Nominal's last funding round was a $80M Series B in March 2026, led by Founders Fund. |
| Who are Nominal's investors? | Nominal's investors include General Catalyst, Lux Capital, Founders Fund, Haystack, Sequoia Capital, Lightspeed Venture Partners, SignalRank, XYZ Venture Capital, Red Glass Ventures, BoxGroup and 4 others. |
| Which companies are comparable to Nominal? | Companies comparable to Nominal include Treasure Data, Imply, Tealium, Atlan, Business-intelligence and Teradata. |
| How many companies has Nominal acquired? | Nominal has acquired 1 company, including Fid Labs. |
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