Nominal, a Los Angeles, CA-based company specializing in creating end-to-end data analysis solutions for industrial engineering teams, raised $7.5M in Seed and $20M in Series A funding rounds.
The Seed round was led by Lux Capital with participation from Founders Fund and the Series A was led by General Catalyst. Additional investors included Haystack VC, XYZ Ventures, Human Capital, Box Group, and Overmatch.
The company intends to use the funds to expand operations and its business reach.
Led by Cameron McCord, CEO, Nominal provides a comprehensive data analysis platform and modern workflows specifically tailored to the needs of engineering teams that develop, validate, and monitor hardware to allow for rapid and accurate review of test data and the validation of critical systems.
The company currently supports mission-critical data analysis and testing at companies across the aerospace, defense, energy, and industrial spheres including Varda Space, Muon Space, REGENT, Radiant Nuclear, the U.S. Air Force, and others.
Commenting on the news, Cameron McCord said: “We’re choosing now to come out of stealth because we feel ready to accelerate our mission to help engineers that develop, test, and validate mission-critical industrial systems. We are on an industrial software collision course. Time is ticking – for our commercial customers, this means getting a product safely to market faster, and for our government customers, it means fielding reliable and tested systems for any mission.”
FinSMEs
23/04/2024