AI Hardware Engineering Platform Nominal Raises $240M Series C at $3B Valuation
US-based AI hardware engineering company Nominal completed a $240M Series C round, tripling its valuation to $3B in eight months, led by Lightspeed.
Nominal, an Austin-based AI hardware intelligence platform, announced it has raised $240 million in Series C funding at a $3 billion post-money valuation. The round was led by Lightspeed Venture Partners and co-led by Insight Partners, with participation from Lux Capital, Sequoia, Founders Fund, and Lockheed Martin Ventures.
The new valuation triples the $1 billion set in March 2026. Nominal aims to bring AI into high-stakes physical engineering work, such as building aircraft, satellites, and robots. Its platform connects scattered engineering data with context, allowing AI agents to perform complex analyses under engineer supervision. More than 80 commercial and government organizations currently use the platform, including five of the seven largest US defense contractors.
Cameron McCord, Nominal’s co-founder and CEO, stated that hardware engineering is having its "AI moment." The new capital will be used to deepen product capabilities and expand into new industries like automotive, robotics, and energy, partly through acquisitions. The company previously acquired Fid Labs and Pull Systems to enhance its agent-building and automotive capabilities.