Insider Brief:
- Nominal, a startup backed by Lux Capital, General Catalyst, and Founders Fund, has quietly raised over $27 million over two years.
- The company is on a mission to address the lack of adequate software for hardware engineers.
- Nominal’s client roster already includes notable names in the space industry, including Radiant Industries Inc., Muon Space Inc., and Varda Space Industries Inc.
A new player has emerged in the realm of defence tech hardware development and it is aiming to change how spacecraft, drones, satellites, and even nuclear reactors are built. Nominal, a startup backed by Lux Capital, General Catalyst, and Founders Fund, has quietly raised over $27 million over two years to fuel its mission as reported by Bloomberg.
Led by Cameron McCord, a former US Navy submarine officer and nuclear engineer, Nominal focuses on developing end-to-end data analysis solutions for industrial engineering teams. Now, the company is on a mission to address a critical challenge in the industry: the lack of adequate software for hardware engineers. McCord’s background in both the military and defense tech companies, including Anduril Industries and Saildrone Inc., gave him a firsthand understanding of this problem.
Nominal’s innovative platform streamlines the development process by centralizing functions like data monitoring, analysis, and visualization. This approach allows engineers to collaborate more effectively, test ideas faster, and ultimately bring products to market more efficiently.
According to McCord, many hardware startups resort to makeshift solutions, relying on custom code or adapting systems designed for traditional hardware companies. Nominal’s software looks to change that, empowering engineers with tools tailored to their specific needs.
Nominal’s client roster already includes notable names in the space industry, including Radiant Industries Inc., Muon Space Inc., and Varda Space Industries Inc.
The company isn’t only targeting the space sector – with the support of investors like General Catalyst, Nominal is hoping to accelerate innovation across various industries, including energy and defense. Paul Kwan, Managing Partner at General Catalyst, believes Nominal could be a game-changer, facilitating transformative advancements in traditionally conservative sectors.
Nominal’s co-founders, including former Palantir Technologies engineer Jason Hoch and ex-Lockheed Martin spacecraft engineer Bryce Strauss, are expanding their team to meet growing demand. With offices strategically located near key defense tech hubs, Nominal is both figuratively and literally well-positioned for further growth and innovation.
Having secured $4.3 million in government contracts, Nominal is keen to deepen its relationship with the US Defense Department and expand its reach to allied nations. As McCord noted, time is of the essence, and Nominal is committed to driving progress as quickly as possible.
Image credit: Nominal
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