Ex-Cognigo founders raise $20M Series A to bring AI automation to CFOs
Nominal’s agentic platform promises to cut thousands of hours of manual accounting work.
Nominal, which develops AI agents for enterprise resource planning (ERP) systems, has raised $20 million in a Series A round led by Next47 and Workday Ventures, Workday’s investment arm, with participation from existing investors Bling Capital, Hyperwise Ventures, Vela Partners, Incubate Fund, and private investors from leading companies such as Salesforce, Justworks, and Intel. This round brings the company’s total funding to approximately $30 million.
Full list of Israeli high-tech funding rounds in 2025
Nominal was founded in April 2023 by Guy Leibovitz (CEO) and Golan Kopichinsky (CTO), who previously built and sold Cognigo to NetApp in 2019.for approximately $70 million. Nominal currently employs around 40 people, split evenly between Israel and the U.S., and plans to double its workforce in the coming year.
Nominal has developed an agentic platform that works alongside existing ERP systems, enabling finance teams to automate manual tasks such as account reconciliations, financial analysis, and more. These AI agents operate autonomously, understanding business context and organizational policies without requiring lengthy configuration.
According to the company, Nominal’s agents have already saved more than 50,000 hours of manual accounting work.
Related articles:
"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."
