Business4 sources

Nominal Bets on AI for Aerospace and Defense

The Brief · written from 4 sources

Nominal, a startup building software for hardware manufacturing and engineering, raised $240M at a $3B valuation.
The valuation triples the $1B figure from its earlier round, which included an $80M Series B in March.
CEO and cofounder Cameron McCord says revenue grew more than 3.5-fold in eight months; customers reportedly include five of the world's seven largest aerospace companies.

Why it matters

The round signals strong investor confidence in AI and data tooling for hardware engineering, a niche that may attract competitors and talent to aerospace and defense software.

Who’s affected

Hardware engineering and manufacturing teams
Aerospace and defense software teams

#funding
#hardware-engineering
#ai
#manufacturing
#aerospace

Nominal has raised new funding at a $3 billion valuation as it builds an AI and data platform for hardware engineering. CEO and cofounder Cameron McCord says revenue has grown more than 3.5-fold in eight months, with customers including five of the world’s seven largest aerospace…

Read the full story at bloomberg.com ↗