Nominal raises $240 million at a $3 billion valuation

Published Monday, November 9, 2026 · 9:06 AM EST

Nominal has raised $240 million at a $3 billion valuation, triple its valuation in a funding round earlier this year, Bloomberg reports. The startup builds software to make manufacturing more efficient. Lightspeed Venture Partners and Insight Partners led the financing, which is set to be announced Monday. Lux Capital, Sequoia Capital and Lockheed Martin Ventures also participated in the round.

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Bloomberg Technology

Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.

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