tech

March 5, 2026

Hardware testing startup Nominal hits $1B valuation, raises $155M in 10 months

Nominal provides hardware testing equipment to defense tech companies. Founders Fund led the preemptive deal.

Hardware testing startup Nominal hits $1B valuation, raises $155M in 10 months

TL;DR

  • Nominal raised an $80 million Series B extension round at a $1 billion valuation.
  • This funding follows a previous $75 million Series B round in September.
  • The company provides software for hardware engineers to test their designs.
  • Nominal initially focused on the defense industry, securing four of the five largest defense contractors as customers.
  • CEO Cameron McCord is a former U.S. Navy submarine officer and from defense tech company Anduril.
  • Anduril co-founder Trae Stephens, also a Founders Fund partner, led the preemptive deal.
  • Nominal plans to expand into industrial sectors like automotive and robotics.
  • Other customers include Pratt Miller Motorsports and Antares.

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