PeerNova, Inc. is a San Jose, Calif.-based enterprise software company founded in 2013 that provides the Cuneiform Platform to financial institutions. The Cuneiform Platform perpetually synchronizes data across multiple internal and external systems to guarantee data and process integrity. This perpetual synchronization simplifies reconciliation, automates exception processing, and provides end-to-end operational visibility across workflows in real time. The company is led by President and CEO Gangesh Ganesan and has sales offices in New York and London. PeerNova raised $31M in growth funding, bringing total fundraising to $74M. It will use the financing to increase market penetration and extend the functionality and use cases of its Cuneiform Platform. PeerNova is a San Jose, California-based developer of distributed trust systems built on blockchain technologies. Led by President and CEO Dr. Naveed Sherwani, the company focuses on enterprise products for data security and financial applications. PeerNova intends to use the proceeds to accelerate development of two core enterprise products and to build product and business development teams. The company completed the second tranche of its Series A financing with online retailer Overstock.com investing in the round. It had announced an $8.6M first tranche in December 2014 and has raised $19M in equity and debt financing to date. The article does not disclose the size of the second tranche or other participating investors. PeerNova develops distributed trust systems using Blockchain technologies and is led by CEO Dr. Naveed Sherwani. The company is building a SaaS platform and intends to launch multiple applications in 2015. It is working on two application categories: registry applications for decentralized storage of records or assets of value, and transmit/exchange applications to enable secure movement of digital assets. The platform is intended to handle digital assets such as currency, loyalty programs, coupons, medical records, and DNA. PeerNova is based in San Jose, California. The company plans to use recent funding to invest in R&D and to grow sales, marketing, and support to expand service delivery capabilities. PeerNova develops distributed financial applications and transaction processing technology. Led by CEO Dr. Naveed Sherwani, the company also offers advanced bitcoin mining hardware and cloud services. It is advancing peer-to-peer applications and secure platforms for the digital currency and e-commerce markets. The company raised a Pre‑Series A investment of undisclosed size from Pierre Lamond. PeerNova says it will use the funds to validate its vision and product roadmap. It plans to bring blockchain-based applications to both consumer and enterprise markets.

Total raised

$40M

Funding rounds

5

Latest round

Equity

Latest activity

Oct 2019