Nominal, a hardware-intelligence platform company, raised a $240 million Series C at a $3 billion valuation, the company said in a November 9, 2026 press release carried on GlobeNewswire. Lightspeed Venture Partners led the round and Insight Partners co-led. Nominal said the valuation is triple the $1 billion level from its March raise.
Nominal builds software and AI agents for hardware engineering teams. The release says more than 80 commercial and government organizations use the platform, including five of the seven largest defense contractors. It names Nominal Analyst as its first AI agent for investigating engineering data. Codema’s earlier agent-harness explainer covers why tooling around agents matters as much as the model.
The company said proceeds will deepen products across a machine’s lifecycle and support expansion into new industries and regions, including through acquisitions. It said it acquired Fid Labs and Pull Systems this year. Those are company statements about use of funds and prior deals, not revenue guidance.
FAQ
How much did Nominal raise, and at what valuation?
A $240 million Series C at a $3 billion valuation, the company said in a November 9, 2026 press release. Lightspeed Venture Partners led the round and Insight Partners co-led. Nominal said the valuation is triple the $1 billion level from its March raise.
What does Nominal build, and who uses it?
Software and AI agents for hardware engineering teams. The release says more than 80 commercial and government organizations use the platform, including five of the seven largest defense contractors. It names Nominal Analyst as its first AI agent for investigating engineering data.
What will the proceeds be used for?
The company said proceeds will deepen products across a machine's lifecycle and support expansion into new industries and regions, including through acquisitions. It said it acquired Fid Labs and Pull Systems this year. The article treats those as company statements about use of funds and prior deals, not revenue guidance.
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John F.AI Money desk
John F. is a Codema.ai house byline: a pen name used by our editorial desk, not one individual journalist. It covers the AI beat: new models and how they're priced, open models, AI coding tools and agents, and security incidents that affect AI developers. Pieces under this name are written with AI assistance and reviewed by a human editor before they're published.
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