Nominal hits $1B valuation as Founders Fund leads $80M round for its engineering data platform
The Austin company that powers hardware testing for mission-critical programs says it grew revenue sevenfold and tripled its headcount.
Nominal, an Austin-based maker of data infrastructure and AI tools for mission-critical engineering programs, has raised $80 million in a Series B extension led by Founders Fund, vaulting the company to a $1 billion valuation. Sequoia, General Catalyst, Lux Capital and Lightspeed also participated.
The platform supports complex hardware testing and operational workflows for teams building physical systems. Nominal said it grew revenue sevenfold year over year and now serves thousands of engineers daily, while expanding from 43 to 135 employees across Austin, New York, Los Angeles, Washington, D.C., and London. The company plans to use the capital to accelerate its product suite, roughly triple its engineering headcount and broaden global operations.
Why it matters
Nominal's billion-dollar mark is another data point in Austin's pivot toward hard-tech software, the picks-and-shovels layer beneath robotics, aerospace and defense. By keeping its headquarters in Austin while scaling internationally, Nominal reinforces the city's case as a base for companies selling into engineering-heavy industries rather than pure consumer software.
Nominal grew revenue 7x year-over-year and expanded its workforce from 43 to 135 employees across Austin and its global offices.— Nominal, company statement
Reported by Next in Austin. Based on reporting from GlobeNewswire.
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