Nominal hits $3B valuation after $240M Series C

Nominal, a company making software for testing and analyzing hardware like aircraft, satellites and robots, has raised $240 million in a Series C round at a $3 billion valuation. Lightspeed Venture Partners led the round with Insight Partners co-leading, and the announcement came on Monday. This valuation triples what the company was worth as recently as March, when it raised $80 million.

What do you think drives a hardware testing company to triple in value so quickly?

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