AI hardware startup Nominal triples valuation to $3B in 8 months (opens techcrunch.com)
Nominal sells an AI platform for hardware engineering and names Anduril as a major customer; the round triples its valuation to $3B in 8 months.
Context: Bellevue-based Watchtower Labs, co-founded by a former Marine special-operations officer and two longtime Microsoft engineering leaders, builds AI and simulation software for military logistics planning.
From GeekWire: The Bellevue-based defense tech startup, co-founded by a former Marine special operations officer and two longtime Microsoft engineering leaders, is building AI and simulation software to help military planners anticipate logistics needs.
Watchtower Labs · $35MAs stated by GeekWire.
Nominal sells an AI platform for hardware engineering and names Anduril as a major customer; the round triples its valuation to $3B in 8 months.
Lightspeed led and Insight co-led; TechCrunch notes Nominal claims Anduril as a major customer and that the valuation tripled in eight months.
Crunchbase's weekly roundup of the largest rounds; Shield AI's $2B led the week.
US commercial revenue rose 148% to $984M and topped US government revenue ($953M) for the first time.
Rune's AI software helps the military plan supplies near the front line; it joins Missionforce, the defence business Salesforce launched a year ago.
Shyam Sankar told Ben Thompson that Palantir was caught in Anthropic's clash with the US Department of War and does not regret working with Anthropic.