Overstock Invests In PeerNova: $19 million Raised For Blockchain-Based Applications
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....
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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....
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....
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....
E-tail giant Overstock has invested in a Belgium-based blockchain startup. The seed investment in SettleMint, the amount of which was not disclosed, was made by Medici Ventures, a venture arm of Overstock that is focused on its blockchain-based trading platform initiative. In April, Overstock invested $4m in Caribbean digital currency exchange Bitt, and the firm has stakes in other companies like PeerNova and Identity Mind as part of its crypto-exchange project. According to the e-tailer, the investment in SettleMint is aimed, in part, at shoring up the voting capabilities for its tø....
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....