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Nominal

Category: AI in Fintech

An AI-native enterprise resource planning (ERP) platform that automates complex financial and accounting tasks. Nominal was founded in 2023. The company is led by Guy Leibovitz. Based in New York, USA. Team size: 11-50. Total funding raised: $30M. Latest round: Series A. Key investors include Hyperwise Ventures, Bling Capital, Incubate Fund, Vela Partners, Next47, Workday Ventures.

Founded
2023
Headquarters
New York, USA
Team size
11-50
Total funding
$30M

Value proposition

To automate and streamline financial operations, eliminating manual accounting work and bridging the gap of outdated ERP systems without requiring costly migrations.

Products and solutions

AI-powered automation platform for finance, Shadow General Ledger that works alongside existing ERPs, AI agents for automating tasks like reconciliations, consolidations, and variance analysis, Nominal Copilot for AI-powered document processing

Unique value

Nominal's use of agentic AI and a 'shadow general ledger' allows it to enhance existing ERP systems without requiring a full migration. This non-disruptive approach to modernizing financial workflows is a key differentiator.

Target customer

Mid-market and enterprise companies with multi-entity structures.

Industries served

Financial Services, Manufacturing, Technology

Technology advantage

The core advantage is its AI-native platform that automates tens of thousands of hours of manual accounting work, enabling finance teams to focus on strategy. Its ability to handle complex processes like multi-entity consolidation and dynamic reporting provides a significant efficiency advantage over traditional ERPs.

How they differentiate

Nominal differentiates itself by using generative AI to automate complex accounting workflows, such as multi-entity consolidation and reporting, aiming to be a more modern, cost-effective, and user-friendly alternative to legacy ERP systems.

Main competitors

Pigment, Black Ore, NetSuite

Key partnerships

Next47 (Lead Investor), Bling Capital, Hyperwise Ventures, Vela Partners, Bill.com (Strategic Investor), Salesforce (Strategic Investor)

Notable customers

Jiffy Lube, GoGlobal Travel

Major milestones

Raised $9.2M in Seed funding., Raised $20M in Series A funding., Launched out of stealth to address the ERP gap with AI., Achieved SOC 1 Type 2 certification., Launched Agentic Performance Management (APM) category.

Growth metrics

Not publicly available

Market positioning

Nominal is positioned as a next-generation ERP system for mid-market companies, focusing on automating financial operations and providing real-time insights.

Geographic focus

United States

Patents and IP

Information not publicly available.

About Guy Leibovitz

Co-Founder and CEO of Cognigo (acquired by NetApp)

Official website: