PiggyGPT

Private companiesCovered

Nominal

Los Angeles, CA · Founded 2022

Nominal makes Nominal Core, a cloud platform for hardware test and telemetry data, and Nominal Connect, an edge platform for hardware-in-the-loop test apps, used by the Air Force Test Center, Anduril, General Atomics, HII and AeroVironment.

Profile

What it builds and who buys it

  • ·Nominal Core is a cloud platform for managing, monitoring and analyzing high-rate hardware data such as sensor data, logs and video.Nominal (company release, reprinted by Venture Capital Access Online), Jun 12, 2025
  • ·Nominal Connect, launched in March 2025, is a Python-first framework for building hardware-in-the-loop test apps that run at the edge and stream data at kilohertz rates.Nominal (company blog), Mar 24, 2025
  • ·The Air Force Test Center’s IDIQ, awarded in April 2026 with a $53 million ceiling, standardizes test data across Edwards, Eglin and Arnold. It follows a 2023 Phase I STTR and an April 2024 Phase II with the Air Force Test Pilot School.Nominal (company release), Apr 14, 2026
  • ·A separate SBIR Phase III contract supports the Navy’s MQ-25 Stingray program.Nominal (company release), Apr 14, 2026
  • ·DARPA selected Nominal in May 2026 as the data backbone for its CyPhER Forge test and evaluation program, through the Air Force Test Center IDIQ.Nominal (company release), May 26, 2026
  • ·Nominal Core handled test planning, data collection and post-flight analysis for a Navy flight test of two BQM-177A targets flown by Shield AI’s Hivemind with Kratos, in support of future Collaborative Combat Aircraft.Nominal (company release), Feb 27, 2026
  • ·Anduril uses Nominal as the analysis platform for test and evaluation across a number of its vehicle programs, with more than 300 engineers on it.Nominal (company case study), Feb 11, 2026
  • ·General Atomics Aeronautical Systems partnered with Nominal in June 2025 for telemetry monitoring and flight data analysis across its unmanned aircraft.General Atomics Aeronautical Systems (company release), Jun 27, 2025
  • ·HII signed a multi-year partnership in March 2026 to use Nominal across production and testing of its REMUS underwater and ROMULUS surface vehicles, after a 2025 pilot.Nominal (company release, joint with HII), Mar 3, 2026
  • ·Forterra selected Nominal in March 2026 for testing, validation and mission operations of its AutoDrive autonomous driving system.Nominal (company release), Mar 12, 2026
  • ·Mach Industries selected Nominal in March 2026 as the test and data infrastructure from flight test through production at its Huntington Beach factory.Nominal (company release), Mar 24, 2026
  • ·AeroVironment’s engineering and manufacturing teams adopted Nominal for test and production data, announced in September 2026.Nominal (company release), Sep 14, 2026
  • ·By March 2026, four of the five largest defense contractors and more than 60 organizations used Nominal. Revenue had grown 7 times in the 10 months since the Series B, and the team had passed 135 people.Nominal (company blog), Mar 5, 2026
  • ·The company says it will expand from aerospace and defense into automotive, robotics and other industries. Pratt Miller Motorsports and Antares are customers.TechCrunch, Mar 5, 2026
  • ·Nominal bought Fid Labs in April 2026, and its founder Adam Wolnikowski became AI product lead.Nominal (company blog), Apr 30, 2026
  • ·Engineers work from London, New York, Austin and Los Angeles.Nominal (company blog), Nov 20, 2025
  • ·Shawn Scully, from Apple’s Machine Intelligence group, joined as GM of hardware intelligence in October 2026, and Igor Stanko, from Cockroach Labs and Microsoft, as VP of product.Nominal (company blog), Oct 6, 2026

Founders and leadership

Prospects, after the Air Force Test Center IDIQ

Prepared by PiggyGPT, as of Oct 11, 2026

  • ·The government business rests on one vehicle: a sole-source Air Force Test Center IDIQ with a $53 million ceiling, which DARPA’s CyPhER Forge work already runs through. A ceiling is not revenue, and no task-order values are on file.Nominal (company release), Apr 14, 2026
  • ·No revenue figure is on file. The company gives only multiples, 10 times year over year at the Series B and 7 times in the 10 months after it, and every Form D declines to disclose revenue.Nominal (company blog), Mar 5, 2026
  • ·The customer list is mostly defense manufacturers: Anduril, General Atomics, HII, AeroVironment, Forterra and Mach Industries. The stated next step is automotive, energy and robotics, with a motorsport team and a reactor maker named so far.TechCrunch, Mar 5, 2026
  • ·The Series B of $75 million and the Series B-2 of $80 million closed about 10 months apart, the second at a $1 billion valuation. Nominal has since become an acquirer (Fid Labs) and has hired senior leads for AI and data products.TechCrunch, Mar 5, 2026
  • ·For the acquisition read, no corporate investor is on file. Anduril, General Atomics, HII and AeroVironment are customers or partners, with no equity stake disclosed. No talks or approach are reported. The posture is quiet.

A summary of what the figures on this page add up to, prepared by PiggyGPT from the record on file and its cited sources. Not the Street's view, and not advice.

Funding

Last valuation

$1B

Post-money, Series B-2Nominal (company blog), Mar 5, 2026

Last round or tender

$80Mraised

Series B-2Nominal (company blog), Mar 5, 2026

An extension of the Series B, led by Founders Fund with Sequoia, General Catalyst, Lux Capital, Red Glass and Lightspeed. TechCrunch reported it as a preemptive deal led by Trae Stephens, an Anduril co-founder and Founders Fund partner. The Form D records $79,997,926 of equity sold to 13 investors from February 13, 2026.

Latest revenue figure

—

Valuation to revenue

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Post-money valuation by round

Fewer than two dated figures on file to plot; the table carries what there is.

DateRoundRaisedPost-money
Mar 5, 2026Series B-2An extension of the Series B, led by Founders Fund with Sequoia, General Catalyst, Lux Capital, Red Glass and Lightspeed. TechCrunch reported it as a preemptive deal led by Trae Stephens, an Anduril co-founder and Founders Fund partner. The Form D records $79,997,926 of equity sold to 13 investors from February 13, 2026.$80M$1.00B
Jun 12, 2025Series BLed by Sequoia Capital with Lightspeed, and Lux Capital, General Catalyst and Founders Fund returning. Two Form Ds filed June 16, 2025 record $50,849,977 of equity sold to 6 investors from April 28, 2025 and $23,709,943 sold to 18 investors from May 20, 2025. Nominal’s own website dates its copy of the announcement September 28, 2025, and TechCrunch placed the round in September. The release, the company’s blog post and the filings date it June 2025. No valuation was published.$75M—
Apr 22, 2024Series AAnnounced when the company came out of stealth, as $20 million led by General Catalyst, with Haystack, XYZ Ventures, Human Capital, Box Group and Overmatch. The release gives no close date, and no Form D for the round is on EDGAR. No valuation was published.$20M—
Nov 21, 2022SeedAnnounced in April 2024 with the Series A as $7.5 million, led by Lux Capital with Founders Fund. The release gives no date for the round. The date here is the first sale on Nominal’s only Form D before 2024, filed December 6, 2022, which records $4,854,992 of equity sold to 18 investors of a $4.9 million offering and does not name the round.$8M—

Primary capital across the rounds on file: $183M

Revenue

No citable revenue figure on file.

Secondary venues

  • Clarity (formerly Hiive)public page seen Oct 11, 2026

    Clarity Price $20.38, as of Oct 11, 2026

    Clarity calls the figure a model-derived indicative estimate calculated daily; the page dates it no further than a "last updated" line reading August 28, 2026.

  • Nasdaq Private Marketpublic page seen Oct 11, 2026

    No price on the public page.

    The page shows no figure in its text or its title.

  • Caplightpublic page seen Oct 11, 2026

    No price on the public page.

    Listed under the slug nominal-io. No MarketPrice on the public page, which says no recent secondary market data is available.

A venue is listed when its public page named the company on the date shown. A price is the figure that page showed, under the venue’s own name for it and dated as the venue dated it; it is a level the venue publishes, not a trade. Nothing is recorded from behind a login.

Reads

Acquisition: Quiet

No cited tie to a buyer. What is on file is contracts, rounds and partnerships without one.

Prepared by PiggyGPT, as of Oct 11, 2026

Signals

  • Jun 12, 2025Nominal closed a $75 million Series B led by Sequoia Capital, with Lightspeed and its earlier venture investors. No corporate investor is named.Nominal (company blog), Jun 12, 2025
  • Mar 5, 2026Founders Fund led an $80 million Series B-2 at a $1 billion valuation. Nominal said it would pair organic growth with acquisitions in the United States and Europe.Nominal (company blog), Mar 5, 2026
  • Apr 14, 2026The Air Force Test Center awarded Nominal a sole-source IDIQ with a $53 million ceiling, an SBIR Phase III transition open to task orders from across the Defense Department.Nominal (company release), Apr 14, 2026
  • Apr 30, 2026Nominal bought Fid Labs, a maker of AI agents for hardware engineering, and called it its first strategic acquisition.Nominal (company blog), Apr 30, 2026
  • Sep 14, 2026Nominal announced a collaboration with AeroVironment, whose engineering and manufacturing teams adopted Nominal for test and production data.Nominal (company release), Sep 14, 2026

A summary of what the figures on this page add up to, prepared by PiggyGPT from the record on file and its cited sources. Not the Street's view, and not advice.

Sources

Researched Oct 11, 2026