Nominal Raises $75 Million Series B Round for Hardware Testing
Nominal, a Los Angeles firm founded by engineers with experience at several major aerospace and defense firms, raised $75 million in a Series B round led by Sequoia Capital, with significant participation from Lightspeed Venture Partners and continued support from Lux Capital, General Catalyst, Founders Fund and additional investors.
Programs across aerospace, defense, energy and advanced manufacturing, including Anduril Industries, Shield AI, and the U.S. Air Force, use Nominal to analyze hardware data, surface anomalies, and keep critical hardware mission-ready.
"We are in the business of making testing simpler, more efficient and cost-effective for our customers," said Cameron McCord, chief executive and co-founder of Nominal, in a statement.
Sourced from Nominal.
SimpleClosure Raises $15 Million Focused on Startup Shutdowns
As more companies face economic headwinds, Santa Monica startup SimpleClosure raised $15 million to help startups shut down more easily. SimpleClosure’s Series A funding round was led by TTV Capital and includes participation from existing investors Infinity Ventures, Anthemis Global, Foxe Capital, Vera Equity, and new investors The LegalTech Fund and Carta, as well as additional angels. The company has now raised more than $20 million since inception at a time when startups are facing delayed IPOs, stalled M&A, and a potential new wave of shutdowns.
“The reality is that 90% of startups don't make it, and shutting down remains the unspoken but necessary part of entrepreneurship. We hope companies never need us, but if they do, we're here to help them do it the right way,” said Dori Yona, chief executive and founder of SimpleClosure, in a statement.
Sourced from SimpleClosure.
Los Angeles Logistics Firm Warp Raises $10 Million
Warp, a technology-powered middle-mile logistics company, raised $10 million in a Series A round led by Up.Partners and Blue Bear Capital. This funding round brings Warp’s total to $22 million since its inception in 2021. The company will utilize capital to expand its AI systems and launch a fully robotic cross-dock. This facility automates the entire freight lifecycle from inbound receiving and dimensioning to smart sortation and outbound dispatch. Warp already uses AI across routing, pricing, scheduling, visibility, and customer service to gain efficiency and reduce costs.
“This round isn’t about growing a team. It is about multiplying output,” said Daniel Sokolovsky, chief executive and co-founder of Warp, in a statement.
Sourced from Warp.
Senra System Raises $25 Million Series A Round
Redondo Beach aerospace firm Senra Systems raised $25 million in a Series A round to modernize wire harness design. The round was led by Dylan Field & CIV with additional backing by General Catalyst, Sequoia, Founders Fund, a16z, 8VC, and Pax. Wire harnesses power the sensors, avionics, communications systems, and control surfaces that make modern technology possible. Senra Systems was founded in 2023 by former SpaceX engineers Jordan Black (CEO) and Ben Shanahan (CTO) to create proprietary design software that is utilized with an assembly-as-a-service model to transform how manufacturers design, procure, and produce wire harnesses.
“The future of American manufacturing isn’t just automation – it’s configuration. We started Senra to solve a long-standing, overlooked problem in the industrial supply chain,” said Jordan Black, chief executive and co-founder of Senra Systems, in a statement.
Sourced from Senra Systems.
Culver City Digital Asset Management Platform Stackup Raises $4.2 Million
Stackup, a Culver City-based digital asset management platform designed to streamline crypto operations for crypto businesses, raised a $4.22-million Seed funding round led by 1kx, with participation from Y Combinator, Goodwater Capital, Soma Capital, Amino Capital, and Digital Currency Group. The investment will accelerate the development of its platform, allowing the team to continue developing solutions that simplify crypto operations for businesses. The company was founded in 2021.
“Our mission at Stackup is to provide businesses with the tools they need to manage their digital assets with the same level of efficiency and control they expect from traditional financial systems,” said John Rising, chief executive and co-founder of Stackup, in a statement.
Sourced from StackUp.
Santa Monica’s Reflect Orbital Raises $20 Million for Sunlight on Demand
Reflect Orbital, a Santa Monica-based space tech company, raised a $20-million Series A round to accelerate development of its satellite constellation designed to deliver sunlight on demand. The round was led by Lux Capital, with participation from Sequoia Capital and Starship Ventures.
“Lux backs some of the most impressive hardware companies out there, and they share our vision. We couldn’t ask for better partners to join us in creating the future of light and energy, and together, we’ll get our first lux on the ground,” said Ben Nowack, chief executive of Reflect Orbital, in a statement.
Sourced from Reflect Orbital.
-David Nusbaum
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