Nominal’s $20M Raise Backs Push to Modernize ERP Workflows

In a finance department at a mid-sized energy firm, what used to be 20 hours of tedious intercompany reconciliation per week is now handled autonomously. The software behind that shift comes from Nominal, an enterprise tech startup betting that the future of corporate finance hinges on AI agents, not dashboards or process mapping tools, but task-completing software that works alongside existing ERP systems without requiring a rip-and-replace approach.

Founded in 2023 by Cognigo veterans Guy Leibovitz and Golan Kopichinsky, Nominal emerged with a $9.2 million seed round and recently secured an additional $20 million Series A led by Next47 and Workday Ventures. The company, which now employs about 40 people, says its agents have already eliminated more than 50,000 hours of manual accounting work.

Its primary offering is a “shadow ledger” platform that syncs with a company’s ERP system in real time, enabling AI agents to automate workflows such as transaction matching, journal entry creation, multi-entity consolidation, and variance analysis. These agents operate with contextual awareness, learning a company’s accounting logic and policies so they can autonomously execute tasks that would otherwise require entire teams. For companies struggling to keep up with finance operations (particularly amid a CPA shortage in the U.S.) Nominal sees an opening.

“Unlike traditional systems of record, Nominal is a system of intelligence. It doesn’t just manage work, it performs it,” CEO Leibovitz said in a recent announcement. “With over 300,000 certified public accountants missing from the U.S. workforce, agentic AI automation isn’t optional anymore-it’s a must.”