# Nominal

**Source:** https://www.startuphub.ai/startups/nominal
**Profile type:** Startup

## About

Nominal is harnessing the power of generative AI and cloud technology to bridge the gap between today’s outdated, costly ERP systems and standard spreadsheets for accounting and financial management in mid-market businesses. Implemented in days, not months, with no migration or risk, Nominal modernizes and automates accounting and financial management, providing robust reporting, multi-entity consolidation, workflow automation, period-end close collaboration and much more

## Key facts

- **Slug:** nominal
- **Website:** https://www.nominal.so/
- **Founded:** 2023-03-20
- **Employees:** 53
- **Operating status:** Active
- **Total funding:** $109M
- **Sectors / tags:** Generative AI, Enterprise, ERP, AI Agents, Fintech, MFG + SUPPLY CHAIN
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/nominalinc/

## Frequently asked

### What does Nominal do?

Nominal is harnessing the power of generative AI and cloud technology to bridge the gap between today’s outdated, costly ERP systems and standard spreadsheets for accounting and financial management in mid-market businesses. Implemented in days, not months, with no migration or risk, Nominal modernizes and automates accounting and financial management, providing robust reporting, multi-entity consolidation, workflow automation, period-end close collaboration and much more

### What is Nominal's valuation?

StartupHub estimates Nominal's effective valuation at $999.9M (range $700.0M to $1.3B, 39% confidence), based on comparable companies in the sector.

### How much funding has Nominal raised?

Nominal has raised a total of $109M in funding. The most recent round on record is Series B extension.

### When was Nominal founded?

Nominal was founded in 2023.

### What industry does Nominal operate in?

Nominal operates in Generative AI, Enterprise, ERP, AI Agents, Fintech, MFG + SUPPLY CHAIN.

### How many employees does Nominal have?

Nominal has approximately 53 people on record.

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