Nominal, a New York-based AI startup, has raised $20 million in a Series A round led by Next47, with additional participation from Workday Ventures, Bling Capital, and Hyperwise Ventures. The funding brings the company’s total capital raised to $30 million. The startup aims to tackle the growing shortage of accountants by leveraging agentic AI to automate time-consuming financial tasks. Co-founders Guy Leibovitz, CEO, and Golan Kopichinsky, CTO, previously built Cognigo, an AI-driven data security company that was acquired by NetApp for $70 million in 2019. After the acquisition, Leibovitz observed firsthand the inefficiencies in finance departments, particularly the heavy reliance on manual processes, which inspired the creation of Nominal. The company positions itself as “Harvey for accountants and finance teams,” drawing a parallel to the popular legal tech platform Harvey AI. Nominal integrates with existing enterprise resource planning (ERP) systems to help CFOs and controllers automate financial workflows such as forecasting, balance sheet reconciliation, and financial reporting. By reducing manual labor and minimizing errors, the platform aims to increase efficiency and free up finance teams for higher-value strategic work. Nominal operates on a usage-based annual subscription model and reported that revenue has doubled every quarter over the past year. The company currently has 40 employees and serves dozens of clients, including Jiffy Lube and GoGlobal. The investment will support expansion across North America and the development of additional AI agents to enhance the platform’s capabilities. Nominal is part of a broader wave of AI startups targeting enterprise software, including recent funding rounds by Rillet and Campfire, which are also building AI-powered tools for financial and operational workflows. While Nominal did not disclose its current valuation, the new funding underscores growing investor confidence in AI-driven solutions for back-office functions. As the accounting profession faces a talent crunch—evidenced by declining CPA exam takers and an aging workforce—tools like Nominal are emerging as critical enablers of financial operations in the age of AI.