Nominal

Nominal

Software tools for engineering hardware systems

About Nominal

Simplify's Rating
Why Nominal is rated
A
Rated A on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Industrial & Manufacturing

Enterprise Software

Aerospace

Defense

Company Size

51-200

Company Stage

Series A

Total Funding

$26.7M

Headquarters

Austin, Texas

Founded

2022

Overview

Nominal.io provides software tools designed specifically for engineering teams working with complex hardware systems. Their platform allows these teams to test and deploy hardware systems significantly faster than traditional methods, making it particularly beneficial for industries such as aerospace, defense, energy, and telecommunications, where hardware performance is critical. The platform consolidates data from various sources, enabling engineers to explore, monitor, and analyze the information necessary for optimal system performance. Unlike many competitors, Nominal.io focuses on a secure, unified environment for data handling, which enhances the resilience and efficiency of hardware systems. The company operates on a software-as-a-service (SaaS) model, allowing clients to subscribe for continuous access to the platform and its updates. Nominal.io aims to be a valuable partner for engineering teams, helping them accelerate their hardware deployment processes.

đŸ’”
Funded Recently
📈
Significant Headcount Growth
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Simplify's Take

What believers are saying

  • Recent $27.5M funding strengthens Nominal's financial foundation and market reach.
  • Partnerships with the U.S. government enhance opportunities in aerospace and defense.
  • Leadership experience from SpaceX, Palantir, and NASA boosts industry credibility.

What critics are saying

  • AWS's space accelerator program increases competition in the aerospace sector.
  • Reliance on government partnerships exposes Nominal to policy and budget changes.
  • Rapid tech advancements could render Nominal's offerings obsolete without innovation.

What makes Nominal unique

  • Nominal offers a secure platform for mission-critical hardware data management.
  • The company accelerates hardware testing and deployment up to ten times faster.
  • Nominal's SaaS model ensures continuous access to the latest features and updates.

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Funding

Total Funding

$26.7M

Above

Industry Average

Funded Over

2 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$20M
Nominal
$100M
GitHub

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Unlimited Paid Time Off

Professional Development Budget

Quarterly company retreats

Growth & Insights and Company News

Headcount

6 month growth

↑ 7%

1 year growth

↑ 21%

2 year growth

↑ 27%
Business Wire
Apr 23rd, 2024
Nominal Emerges From Stealth With Backing From General Catalyst, Lux Capital, Founders Fund, for Navigating Mission-Critical Data Analytics

Nominal, a company specializing in creating end-to-end data analysis solutions for industrial engineering teams, emerged from stealth to provide a fas

Finsmes
Apr 23rd, 2024
Nominal Raises $7.5M in Seed and $20M in Series A Funding Rounds

Nominal, a Los Angeles, CA-based company specializing in creating end-to-end data analysis solutions for industrial engineering teams, raised $7.5M in Seed and $20M in Series A funding rounds.

Business Wire
Apr 23rd, 2024
Nominal VerlĂ€sst Mit UnterstĂŒtzung Von General Catalyst, Lux Capital Und Founders Fund Den Stealth-Modus, Um Die Missionskritische Datenanalyse Weiterzuentwickeln

LOS ANGELES, Kalifornien, USA--(BUSINESS WIRE)--Nominal, ein Unternehmen mit Schwerpunkt auf der Entwicklung von End-to-End-Datenanalyselösungen fĂŒr industrielle Ingenieurteams, hat den Stealth-Modus verlassen, um eine schnellere und zuverlĂ€ssigere Methode zur ÜberprĂŒfung von Testdaten und zur Validierung von geschĂ€ftskritischen Systemen anzubieten. Das Start-up erhielt 7,5 Mio. US-Dollar als Seed-Finanzierung unter der FĂŒhrung von Lux Capital und mit UnterstĂŒtzung von Founders Fund sowie 20 Mio. US-Dollar in der Serie-A-Finanzierungsrunde, die von General Catalyst angefĂŒhrt wurde. Zu den weiteren Investoren gehören Haystack VC, XYZ Ventures, Human Capital, Box Group und Overmatch. Nominal ist auf die Entwicklung von Softwarelösungen fĂŒr Luft- und Raumfahrt, Verteidigung, Industriemaschinen, Transport und Energie spezialisiert und unterhĂ€lt zahlreiche Partnerschaften mit der US-amerikanischen Regierung

Business Wire
Apr 22nd, 2024
Nominal Raises $27.5M, Unveils Data Solutions

Nominal, a company specializing in end-to-end data analysis solutions for industrial engineering teams, emerged from stealth with a $7.5M seed funding led by Lux Capital, and a $20M Series A led by General Catalyst. Supported by Founders Fund among others, it aims to offer a faster, more reliable way to review test data and validate critical systems. Co-founded by Cameron McCord, Bryce Strauss, and Jason Hoch, Nominal caters to aerospace, defense, and other sectors, leveraging government partnerships.

Semil Shah
Apr 22nd, 2024
Nominal Unveils Series A, Haystack Invests

Haystack invested in Nominal, a company empowering hardware engineers with software tools, following a connection made by Bilal from Lux. Nominal, led by Cameron McCord, announced coming out of stealth and revealed funding details: a seed round led by Lux Capital and a Series A led by General Catalyst, with participation from Founders Fund, XYZ Ventures, Box Group, Human Capital, and Overmatch. Haystack has invested in all rounds.

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