From TechCrunch · Julie Bort · · 1m 20s
Nominal triples valuation to $3B in eight months
AI hardware startup Nominal raises $240 million Series C, tripling its valuation from $1 billion to $3 billion in less than a year.
In brief
AI hardware startup Nominal raises $240 million Series C, tripling its valuation from $1 billion to $3 billion in less than a year. Nominal, an AI hardware startup, raised $240 million at a $3 billion valuation, tripling its worth in eight months on the back of strong customer demand and a major Air Force contract…
Nominal raises $240 million Series C
Austin-based AI hardware startup Nominal announced a $240 million Series C on Monday, led by Lightspeed Venture Partners and co-led by Insight Partners, valuing the company at $3 billion.
Valuation tripled in eight months
The $3 billion valuation triples Nominal's worth from the $1 billion valuation it received in March 2026 with a $155 million Series B extension led by Trae Stephens at Founders Fund.
Strong customer base and Air Force contract
Nominal has 80 commercial and government organizations as customers, including defense company Anduril. In October, the Air Force selected Nominal for a $71.2 million Strategic Funding Increase investment.
CEO brings military and defense experience
Nominal CEO and co-founder Cameron McCord is a former U.S. Navy submarine officer and an Anduril alumnus, bringing deep expertise in defense and hardware engineering to the four-year-old startup.
The main idea
Nominal, an AI hardware startup, raised $240 million at a $3 billion valuation, tripling its worth in eight months on the back of strong customer demand and a major Air Force contract.
