Nominal, a Los Angeles-based company offering hardware testing and analytics solutions, recently announced an $80 million funding round spearheaded by Founders Fund. This round comes 10 months after Nominal’s Series B and brings its valuation to $1 billion.
The company provides data supply chain tools, helping engineers acquire, store, analyze and report the data that shapes the design of their solutions. Since its Series B, Nominal has grown its revenue sevenfold and tripled the size of its team, now powered by 135 people across Austin, New York, LA, D.C. and London.
“When we started Nominal, we believed that the engineers building the future deserved better software. Not incremental improvements on legacy tools. Not lightweight dashboards borrowed from the software world. Real infrastructure, built for the weight of serious work. That belief has only gotten stronger,” Nominal co-founders Cameron McCord, Bryce Strauss and Jason Hoch wrote in a company blog.
Nominal plans to invest its fresh capital in continued product advancement, namely improving the reliability, speed and intelligence of its Nominal Core and Nominal Connect offerings. It will also fuel expansion across the U.S. and Europe through strategic acquisitions and expand its solutions into new verticals.
