PeerNova Raises $8.6 Million to Refocus on Enterprise Blockchain Applications
PeerNova has raised $8.6m in new funding as it seeks to pivot from providing enterprise bitcoin mining infrastructure to enterprise blockchain software solutions. The Series A investment was led by Mosaik Partners. Former AOL CEO Steve Case and Crypto Currency Partners also participated in the round. Formed in May of this year, PeerNova is the result of a merger between mining companiesHighBitcoin and CloudHashing. HighBitcoin developed mining hardware, while CloudHashing still sells contracts for mining as a service. Emmanuel Abiodun, president and CCO for PeerNova, told CoinDesk that,....
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Overstock.com, the online retailer, has invested in PeerNova, Inc., an innovator of distributed trustless systems based on blockchain technologies, to complete the second tranche of its Series A financing. To date, San Jose, CA-based PeerNova has raised $19 million in equity and debt financing. PeerNova intends to use the funds to accelerate the development of two core enterprise products focused on data security and financial applications and to build product and business development teams. The company previously provided a bitcoin mining and transaction processing system that was....
PeerNova, a software and hardware vendor formed via an April 2014 merger of Cloudhashing and Highbitcoin, has just raised $8.6 million to fund their expansion in 2015. This Silicon Valley based company is focused on bringing blockchain technology to enterprise customers, offering software for what it calls registry duty, the ledger function of the blockchain, as well as cloud based hashing services. Also read: Pantera Capital Leads $3.5 Million Investment In ChangeTip. PeerNova In the Western World. Reading between the lines, PeerNova expect corporations to make significant changes to....
While some startups bask in blockchain hype, others are making a name by bucking the trend with an under-the-radar approach. One startup that falls into the latter category is San Jose-based Peernova, a one-time bitcoin mining firm that now uses blockchains to solve enterprise big data problems. Long out of the spotlight, this could soon change as Peernova has raised $4m as part of an ongoing Series B, one that could prime it to become a bigger market player in 2017. The funding, from Zhejiang Zhongnan Holdings Group, adds to the $13.6m it raised amid a shift to enterprise blockchain....
San Jose-based distributed financial technologies expert Peernova has received $5 million in funding from American online retail giant Overstock.com. This is the first investment by the online giant in a Bitcoin firm reinforcing the confidence in the decentralized blockchain technologies that Peernova is working on. General Manager of Overstock's Cryptocurrencies Group Judd Bagley has given Peernova his vote of confidence and believes that the technologies being developed by the blockchain expert will completely reform the way businesses are carried out. "Peernova is precisely the kind of....
Software and hardware vendor PeerNova has managed to raise close to nine million dollars in extra funding. The round was led by San Francisco-based technology investment firm Mosaic Partners, while other investments came from individuals such as venture capitalist Pierre Lamond and Ashar Aziz, the CTO of network security company FireEye. The company plans to use the funds to expand globally, further its research and experimentation, and bring the technology of the blockchain to its platform. PeerNova was formed in May of this year through the fusing of two mining companies. HighBitcoin and....