Nominal

Nominal

Software tools for engineering teams' 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

$27.5M

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 useful for industries such as aerospace, defense, energy, and telecommunications, where performance and reliability are critical. The platform consolidates data from various sources, enabling engineers to monitor and analyze their systems effectively in a secure environment. Unlike many competitors, Nominal.io focuses on a niche market that demands high efficiency and reliability, offering a subscription-based service that ensures clients have continuous access to the latest features. The company's goal is to enhance the resilience and performance of hardware systems, helping engineering teams streamline their processes.

📈
Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • Nominal raised $27.5M, indicating strong investor confidence and financial stability.
  • Growing demand for digital twins aligns with Nominal's system validation capabilities.
  • The rise of edge computing offers expansion opportunities for Nominal's real-time data processing.

What critics are saying

  • Increased competition from established players like Palantir and IBM.
  • Rapid technological advancements require continuous innovation to maintain industry standards.
  • Economic downturns in aerospace and defense could reduce demand for Nominal's services.

What makes Nominal unique

  • Nominal offers a secure platform for mission-critical hardware data analysis.
  • The company accelerates hardware system validation up to ten times faster than traditional methods.
  • Nominal collaborates closely with clients to tailor its platform to specific industry needs.

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Funding

Total Funding

$27.5M

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
$30M
Kalshi

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

5%

1 year growth

22%

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 Verlässt Mit Unterstützung 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 für industrielle Ingenieurteams, hat den Stealth-Modus verlassen, um eine schnellere und zuverlässigere Methode zur Überprüfung von Testdaten und zur Validierung von geschäftskritischen Systemen anzubieten. Das Start-up erhielt 7,5 Mio. US-Dollar als Seed-Finanzierung unter der Führung von Lux Capital und mit Unterstützung von Founders Fund sowie 20 Mio. US-Dollar in der Serie-A-Finanzierungsrunde, die von General Catalyst angeführt wurde. Zu den weiteren Investoren gehören Haystack VC, XYZ Ventures, Human Capital, Box Group und Overmatch. Nominal ist auf die Entwicklung von Softwarelösungen für Luft- und Raumfahrt, Verteidigung, Industriemaschinen, Transport und Energie spezialisiert und unterhält 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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