AI hardware startup Nominal triples valuation to $3B in 8 months

Nominal, an AI hardware platform for engineering and testing complex hardware, has raised $240 million in Series C funding at a $3 billion valuation, tripling its valuation in just 8 months. The funding was led by Lightspeed Venture Partners and co-led by Insight Partners. The company has 80 commercial and government organizations as customers, including Anduril, a defense company co-founded by Trae Stephens, and has won a $71.2 million government contract.