AI Hardware Startup Nominal Raises $240 Million at $3 Billion Value
Nominal, a startup from Austin in the United States, has raised $240 million in new funding and is now valued at $3 billion. Lightspeed Venture Partners led the round, with Insight Partners as co-lead.
The company builds an AI platform that helps engineers test complex hardware, from aircraft and nuclear reactors to smart factories. Its value has tripled in just eight months, after a $155 million round in March had valued it at $1 billion.
Nominal says it now serves 80 commercial and government customers, and the US Air Force picked it for $71.2 million in funding in October. Co-founder and chief executive Cameron McCord is a former US Navy submarine officer.
Photo: Wikimedia Commons
Source: TechCrunch
#Startup #Nominal #AI #Funding #TechNews
Nominal, a startup from Austin in the United States, has raised $240 million in new funding and is now valued at $3 billion. Lightspeed Venture Partners led the round, with Insight Partners as co-lead.
The company builds an AI platform that helps engineers test complex hardware, from aircraft and nuclear reactors to smart factories. Its value has tripled in just eight months, after a $155 million round in March had valued it at $1 billion.
Nominal says it now serves 80 commercial and government customers, and the US Air Force picked it for $71.2 million in funding in October. Co-founder and chief executive Cameron McCord is a former US Navy submarine officer.
Photo: Wikimedia Commons
Source: TechCrunch
#Startup #Nominal #AI #Funding #TechNews
