Nominal Raises $20 Million Series A to Transform Finance Operations with AI Agents

New York —

Nominal, an AI-native enterprise resource planning (ERP) startup, has raised $20 million in Series A funding, led by Next47 with participation from Workday Ventures, Bling Capital, and Hyperwise Ventures. The round brings the company's total funding to $30 million, fueling its mission to automate complex financial tasks for mid-market and enterprise companies using AI agents.

Most companies still rely on outdated ERP systems that were not designed for today's speed or complexity. Their deployment takes months, consumes budgets, delays visibility, and leaves teams with outdated, fragmented data. According to a recent Morgan Stanley report, the ERP market is valued at $220 billion and growing at 17% annually. Importantly, about 20% of that growth is expected to shift toward ERP startups and non-traditional players. Additionally, 50% of CIOs plan to upgrade their ERP systems within the next two years, leaving ample room for disruptors.

Nominal was founded by second-time AI entrepreneurs Guy Leibovitz (CEO) and Golan Kopichinsky (CTO), who previously founded Cognigo and sold it to NetApp in 2019. The Nominal team has a proven track record in AI and data security.

"The last major shift in the ERP market was the cloud migration 25 years ago. Since then, financial operations have become the core of every company, especially mid-market and enterprise organizations," said Guy Leibovitz, co-founder and CEO of Nominal. "Today, the AI era is fundamentally changing how we operate. Unlike traditional systems of record, Nominal is an intelligent system. It doesn't just manage work—it executes it. With over 300,000 certified public accountants (CPAs) missing from the U.S. workforce, agentic AI automation is no longer optional; it's essential. Financial superintelligence means fewer errors, deeper insights, stronger compliance, and smarter decisions."

Nominal is an ERP agent platform that transforms manual, tedious accounting tasks into streamlined, automated processes. Its shadow ledger runs in parallel with existing ERP systems, requiring no migration or risk. Through AI agents, the platform automates core functions such as transaction matching, balance sheet and bank reconciliations, multi-entity consolidations, variance analysis, and complex journal entries—all without lengthy migrations or expensive customizations.

Nominal is deployed across dozens of enterprise and mid-market customers, including companies like Jiffy Lube and GoGlobal Travel. The platform accelerates month-end close and significantly reduces errors and manual work. With agentic automation, built-in close management, and actionable reporting, Nominal empowers finance professionals to shift their focus from spreadsheets to strategic decision-making.

"ERP platforms have long been the backbone of mid-to-large enterprises, but they have failed to adapt to the AI era and the rise of autonomous agents," said Matthew Cowan, General Partner at Next47. "Nominal's AI-native approach brings modern capabilities to finance teams without compromise—delivering a seamlessly integrated platform that serves companies across industries."