Nominal Overview
The companys platform uses generative AI and cloud technology to modernize and automate accounting and financial management in mid-market businesses. The platform bridges the gap between legacy ERP systems and standard spreadsheets, providing robust reporting, multi-entity consolidation, workflow automation, and more.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
Nominal’s agentic platform promises to cut thousands of hours of manual accounting work.
Nominal, a company specializing in AI agents for enterprise resource planning (ERP) systems, has secured $20 million in a Series A funding round led by Next47 and Workday Ventures. This investment brings Nominals total funding to approximately $30 million. Founded in April 2023, Nominal aims to revolutionize financial operations by automating manual tasks such as account reconciliations and financial analysis. The company plans to double its workforce of 40 employees, split between Israel and the U.S., in the coming year. Nominals AI platform has already saved over 50,000 hours of manual accounting work, highlighting its potential to transform the ERP market.
InvestmentExpand
ב-Nominal פיתחו מערכת שרוצה לעשות סדר בתחום שנשלט על ידי עבודה ידנית, וסובל ממחסור משמעותי בכוח אדם
growth-positive
Nominal raises $9.2 million in Seed funding to modernize enterprise planning with GenAI | CTech
Israeli startup Nominal has raised $9.2 million in seed funding from investors including Bling Capital and Hyperwise Ventures. The companys platform uses generative AI and cloud technology to modernize and automate accounting and financial management in mid-market businesses. The platform bridges the gap between legacy ERP systems and standard spreadsheets, providing robust reporting, multi-entity consolidation, workflow automation, and more. The company, which currently employs 21 people, is looking to expand.
InvestmentExpand
| Sector | Fintech & Insurtech |
Funding
| Total funding | $29.2M |
| Last funding | $20M |
| Stage | A |
| Rounds | 2 |
| Investors | 5 |
Team Members
2
Employees: 11-50
Web & Social Links
| Website | www.nominal.so |
| Careers | Careers page |
Locations
Derech Menachem Begin 23, Tel Aviv-Jaffa, Israel
160 Varick St, New York, NY 10013, USA
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