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

Nominal Overview

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

United StatesAustin, TX

Website

nominal.io

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

Nominal valuation by funding round
DateStageValuation
Mar 2026Series 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

Nominal funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2026Series BFounders Fund (lead); General Catalyst; Red Glass Ventures; Lux Capital; Haystack; Sequoia Capital; Lightspeed Venture Partners; Avenir; SignalRank$80M$1B-
Jun 2025Series BSequoia Capital (lead); General Catalyst; Lux Capital; Lightspeed Venture Partners; Founders Fund; SignalRank; Karman Ventures$75M--
Apr 2024SeedLux 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 2024Series AGeneral 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

Investors in Nominal by funding rounds participated
InvestorHQRoundsRoleFirst check
General CatalystUnited StatesSan Francisco, CA3LeadApr 2024
Lux CapitalUnited StatesNew York City, NY3LeadApr 2024
Founders FundUnited StatesSan Francisco, CA3LeadApr 2024
HaystackUnited StatesSan Francisco, CA2ParticipantApr 2024
Sequoia CapitalUnited StatesSan Francisco, CA2LeadJun 2025
Lightspeed Venture PartnersUnited StatesSan Francisco, CA2ParticipantJun 2025
SignalRankUnited StatesSan Francisco, CA2ParticipantJun 2025
XYZ Venture CapitalUnited StatesSan Francisco, CA1ParticipantApr 2024
Red Glass VenturesUnited StatesSan Francisco, CA1ParticipantMar 2026
BoxGroupUnited StatesNew York City, NY1ParticipantApr 2024
Overmatch VenturesUnited StatesAustin, TX1ParticipantApr 2024
Human CapitalUnited StatesSan Francisco, CA1ParticipantApr 2024

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Acquisitions 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

Fid Labs
Description
Fid Labs develops tools for robot developers using generative AI.
HQ CountryUnited States
HQ City
New York City, NY
Deal Date29 Apr 2026
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Nominal Competitors

Nominal competitors include listed companies like Business-intelligence and Teradata, and private ones like Treasure Data, Imply, Tealium and Atlan.

Public and private companies comparable to Nominal
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Treasure DataUnited StatesSan Francisco, CAPrivate--$1B-
ImplyUnited StatesSan Francisco, CAPrivate--$1.1B-
TealiumUnited StatesSan Diego, CAPrivate--$1.2B-
AtlanSingaporeSingaporePrivate$10M-$750M75.0x
Business-intelligenceChinaChinaPublicly listed$389M$54M$2B5.9x
TeradataUnited StatesUnited StatesPublicly listed$1.7B$285M$2.7B1.5x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Beijing Join-Cheer$386M$11M1.9x-68.9x-
e-Hualu$69M($310M)24.1x-(5.4x)-
Clarivate$2.5B$829M2.1x2.2x6.3x5.3x
Red Violet$90M$24M13.2x11.7x50.0x31.7x
WingArc1st$199M$70M3.5x3.3x10.0x10.5x
Similarweb$283M($15M)2.5x2.3x(48.6x)26.2x
Cognyte Software$400M$21M1.5x1.4x27.6x9.8x
Plus Alpha Consulting$110M$36M4.2x3.8x12.9x9.4x

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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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