Nominal Secures $80 Million In Series B-2 Round Led By Founders Fund At $1 Billion Valuation

Nominal closed an $80 million Series B-2 acceleration round, contributing to a $1 billion valuation. The round was led by Founders Fund, with participation from existing investors including Sequoia Capital, Lux Capital, General Catalyst, Lightspeed Venture Partners, and Red Glass.

Summary of transaction details:

• Deal Type: Series B-2
• Transaction Amount: $80,000,000
• Valuation: $1,000,000,000
• Headquarters: Austin, Texas
• Founders: Cameron McCord, Bryce Strauss & Jason Hoch
• Notable Investors: Founders Fund, Sequoia Capital, Lux Capital, General Catalyst, Lightspeed & Red Glass

Nominal, founded in Los Angeles, is expanding its hardware engineering platform across defense, aerospace, and advanced manufacturing. CEO and co-founder Cameron McCord noted that this funding round was unsolicited, aimed at accelerating growth and product development.