Overview
Nominal, a US-based engineering software company, has raised $80 million in funding, increasing its valuation to $1 billion. The investment, led by Founders Fund with participation from Sequoia, General Catalyst, Lux Capital, Red Glass, and Lightspeed, will help Nominal enhance its tools for managing complex data and integrating AI into engineering workflows. The company plans to develop its core products, pursue strategic acquisitions, and expand into new industries beyond aerospace and defense.
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Investors: Founders Fund, Sequoia, General Catalyst, Lux Capital, Red Glass, Lightspeed
Nominal, a US-based engineering software company, has raised $80 million in funding, increasing its valuation to $1 billion. The investment, led by Founders Fund with participation from Sequoia, General Catalyst, Lux Capital, Red Glass, and Lightspeed, will help Nominal enhance its tools for managing complex data and integrating AI into engineering workflows. The company plans to develop its core products, pursue strategic acquisitions, and expand into new industries beyond aerospace and defense.