Nominal

Austin, TX · Founded 2022 · Privately Held (backing)

Developer of a data infrastructure and analytics platform designed to help engineering teams test and validate hardware systems. Nominal is based in Austin, TX and was founded in 2022. It was valued at $1 billion at its early-stage round in Mar 2026, the last priced event on record. It has raised $183 million across 4 recorded rounds; the latest was an $80 million later-stage round in Feb 2026.

PMV mark · valuation
$1.0B
Oct 2026
Priced at
its early-stage round
Mar 2026
Total raised
$182.5M
Last round
Later Stage VC
Feb 2026
What is Nominal worth?
$1.0BPrivateMarketView mark · Oct 2026

Valued at $1.0B at its early-stage round, Mar 2026. Nothing has traded since.

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Valuation timeline

0 priced rounds · 32 daily marks since · Sep 2026 – Oct 2026
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Markrounds hold their value until the next priced eventMark, today
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Nominal funding history

4 rounds
DateRoundRaisedPost-money
Feb 2026Later Stage VC$80.0M▮
May 2025Early Stage VC$23.7M▮
Apr 2025Later Stage VC$50.8M▮
Nov 2022Seed Round$4.9M▮
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Nominal valuation

Nominal was valued at $1 billion at its early-stage round in Mar 2026. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has Nominal raised?

Nominal has raised $183 million across 4 recorded rounds since 2022. The largest was an $80 million later-stage round in Feb 2026.

Nominal has filed 4 Form Ds with the SEC since 2022, most recently in Mar 2026 ($80 million sold to 13 investors).

How Nominal's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Nominal, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by its last priced round. Question about this number? Full methodology →

Frequently asked about Nominal

What is Nominal worth?
Nominal is valued at $1.0B as of Oct 2026. Valued at $1.0B at its early-stage round, Mar 2026. Nothing has traded since.
How much has Nominal raised?
Nominal has raised $182.5M in total funding across 4 recorded rounds.
When did Nominal last raise?
Nominal last raised in Feb 2026 (Later Stage VC), raising $80.0M.