Bling Capital

Assembly Line

Nominal Launches with Generative AI to Disrupt the $44B ERP Market

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Nominal, Bling Capital, Hyperwise Ventures

Nominal is harnessing generative AI to bridge the gap between outdated, costly ERP systems and the financial management needs of modern mid-market, multi-entity businesses. The company launched with $9.2 million in seed funding from Bling Capital and Hyperwise Ventures, with participation from Vela Partners, Incubate Fund and executives from, Salesforce, Justworks, ServiceNow and Intel.

The company plans to use the funds to accelerate its product offering, expand its market reach and increase sales and support resources in the U.S. The company primarily focuses on mid-market, multi-entity companies such as holding companies, real estate, energy and multinational technology companies in its initial go-to-market plans.

Read more at Business Wire