Hardware testing startup Nominal hits $1B valuation, rais...

What’s Happening

Not gonna lie, Nominal providers hardware testing equipment to defense tech companies.

Founders Fund led the preemptive deal. Nominal on Thursday just dropped a fresh $80M Series B extension round at a $1 billion valuation, led . (shocking, we know)

This followed the companys $75M Series B round led September.

The Details

Nominal offers software that helps hardware engineers test their designs and began as a picks-and-shovels type of startup for the defense industry. The three-and-a-half-year-old, L.

-based company says that in the last 10 months, it has landed four of the five largest defense contractors as users.

Why This Matters

This could have major implications for how we use technology going forward.

This is part of the broader shift happening across the tech industry right now.

The Bottom Line

This story is still developing, and we’ll keep you updated as more info drops.

What do you think about all this?