Nominal secures major funding as AI platform targets aerospace and defense sector

Nominal, a company developing an AI and data platform specifically for hardware engineering, has successfully secured new funding at a valuation of $3 billion. The firm's CEO and cofounder, Cameron McCord, noted significant growth, stating that the company's revenue has increased by over 3.5 times in the last eight months. This expansion is supported by the company's client roster, which includes five of the seven largest aerospace and defense corporations globally. McCord was recently featured on Bloomberg Tech, where he discussed the company's progress.