PeerNova Raises $8.6M: Confirms Integration of Blockchain
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....
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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,....
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....
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....
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....
US retail giant Overstock has invested in blockchain technology specialist Peernova as part of its second tranche of Series A financing. Formed through a merger between cloud mining contract provider CloudHashing and ASIC hardware designer HighBitcoin in early 2014, Peernova raised $8.6m in funding last December as it sought to accelerate its shift away from mining. In statements, general manager of Overstock's Cryptocurrencies Group Judd Bagley framed Overstock's first investment in a bitcoin industry firm as a vote of confidence in the decentralized ledger-based technologies Peernova is....