Nominal, a four-year-old, Austin-based startup that offers an AI platform purpose-built for engineering and testing complex hardware, like aircraft, nuclear reactors, and smart factories, has raised another big round of financing that triples its valuation. On Monday, it announced a $240 million Series C at a $3 billion valuation led by Lightspeed Venture Partners and co-led by Insight Partners.
This follows the company’s announcement in March of a $155 million Series B extension at a $1 billion valuation, led by Trae Stephens at Founders Fund. That round was a “preemptive” deal — meaning an offer initiated by the investor, not the startup. Other investors in the company include Sequoia, General Catalyst, and Lux Capital.
