202427 Mar

Nominal Raises $9.2M in Seed Funding

Summary

Nominal, a NYC-based company providing generative AI to bridge the gap between ERP systems and the financial management needs of modern mid-market, multi-entity businesses, raised $9.2M in Seed funding. The round was led by Bling Capital and Hyperwise Ventures, with participation from Vela Partners, Incubate Fund and executives from Bill.com, Salesforce, Justworks, ServiceNow and Intel. The company intends to use the funds to accelerate its product offering, expand its market reach, and increase sales and support resources in the U.S. Led by Guy Leibovitz, CEO, and Golan Kopichinsky, VP of R&D, Nominal leverages generative AI and cloud technology to optimize and automate accounting and financial management, providing reporting, multi-entity consolidation, workflow automation, period-end close collaboration and more. Its key innovation is its generative subledgers that transform free text, documents and spreadsheets into automated workflows.

Source: Finsmes

Funding

$9.2M
Amount
Mar 27 2024
Date
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Investor
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Company

Classifications

Companies