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PeerNova
Blockchain-based data visibility software for financial institutions
- 21-100 employees
- Fintech
- B2B
- Enterprise
- Big data
- SaaS
- Blockchain
- North San Jose, San Jose, CA
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Company mission
To empower firms to make confident and timely decisions using high-quality data.
Our take
San Jose-based PeerNova started off as a bitcoin mining company through a merger in 2014 between cloud mining firm CloudHashing and enterprise hardware designer HighBitcoin. The company has since shifted its focus from mining infrastructure services to enterprise blockchain software.
It's a move that has paid off. Blockchains are made to guarantee data visibility and finality - two virtues that financial institutions are naturally interested in.
It's in these highly regulated contexts that PeerNova sees its future success. The company has chosen to focus on guaranteeing the correctness of data and positioning itself as a compliance service.
The difficulty for PeerNova might be that these financial institutions are often wary of blockchain applications. However, the stigma around the industry should drift, especially as organisations like PeerNova consistently prove out use-cases.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Discounted pet insurance
- Flexible PTO
- Stock options
- 401K
- Health insurance
- Dental insurance
- Vision insurance
- Weekly company-paid lunches
- Company outings
- Shopping discounts
- Commuter benefits
Funding (last 2 of 6 rounds)
Oct 2019
$31m
LATE VC
May 2017
$7m
EARLY VC
Total funding: $61.6m
This company has top investors
Leadership
Gangesh Ganesan
(CEO)Served as the CEO & President of Ubicom until its acquisition by Qualcomm. He founded multiple technology start-ups including Factals and was a member of Locomatix, which was acquired by Twitter. Has distributed and networking systems expertise from his tenures at Bosch, Cypress Semiconductor, and Marvell Semiconductor.