Nominal's primary competition is legacy incumbent software from companies such as National Instruments, Emerson, Siemens, Ansys, and MathWorks.

During Nominal's Series B fundraising, Alfred Lin of Sequoia Capital stated that the company was significantly underestimating its Total Addressable Market (TAM).

Nominal's platform has enabled customers to reduce the duration of major test campaigns by 50% to 60%.

The current process for testing major government weapons systems is sequential and relies on legacy tools like Microsoft Excel, MATLAB, Python scripts, iAds software, PDF, and PowerPoint.

Nominal is a data platform designed for hardware testing and validation, aiming to be the equivalent of GitHub for the software-defined hardware sector.

Nominal plans to grow its headcount from its current size of approximately 125 to around 220-230 employees this year.

Nominal is currently working with four of the five largest traditional defense prime contractors.

Major test campaigns at large defense prime contractors can cost as much as $3 million per day.

Nominal's long-term vision is to enable a single engineer to test and validate up to 50 hardware systems simultaneously using agentic workflows and parallelization.

Founders Fund preemptively offered to lead Nominal's latest financing round over the December holidays.

Nominal plans to invest between $80 million and $100 million in software product R&D during 2026.

Nominal has released beta features that incorporate a chat interface, allowing engineers to interact with and analyze hardware test data using natural language.

Nominal is considering using its new capital for strategic M&A activities in 2026.

Nominal experienced a breakout year in terms of growth and momentum in 2025.