Nominal is a company that creates AI tools for enterprise resource planning (ERP) systems. It recently raised $20 million in a Series A funding round. The main investors were Next47 and Workday Ventures, the investment branch of Workday.
Other investors who joined include Bling Capital, Hyperwise Ventures, Vela Partners, Incubate Fund, and private investors from big companies like Salesforce, Justworks, and Intel. With this new funding, Nominal has now raised about $30 million in total.
Nominal was started in April 2023 by Guy Leibovitz (CEO) and Golan Kopichinsky (CTO). Before Nominal, they created a company called Cognigo, which they sold to NetApp in 2019 for about $70 million.
Nominal now has about 40 employees, with half working in Israel and half in the U.S. The company plans to double its number of workers over the next year.
Nominal has created a smart platform that works with current ERP systems. It helps finance teams by automatically handling tasks like checking accounts and financial analysis. These AI agents work on their own, understanding the business rules without needing a lot of setup.
The company says Nominal’s agents have already saved over 50,000 hours of manual accounting work.
“The last major shift in the ERP market happened with the move to the cloud 25 years ago. Since then, financial operations have become central to every company, especially at the mid-market and enterprise level,” said Guy Leibovitz, CEO and Co-founder of Nominal. “Now, the AI era is transforming how we operate across the board. Unlike traditional systems of record, Nominal is a system of intelligence. It doesn’t just manage work, it performs it. With over 300,000 certified public accountants (CPAs) missing from the U.S. workforce, agentic AI automation isn’t optional anymore, it’s a must. Finance superintelligence means fewer errors, better insights, stronger compliance, and smarter decision-making.”
Read more- Malaysia’s MEASAT Gets Approval to Offer Satellite Services in India
