(San
Jose, CA) Peer Nova, Inc. likes
to use the slogan; building real-time frictionless financial markets through
trust and transparency. Fascinatingly,
the slogan is something palpable and real.
Peer Nova’s Cuneiform Platform is exactly how, the slogan is something
palpable. Coincidentally, cuneiform
means in relation to the ancient writing systems of Mesopotamia,
Persia and Ugarit. Cuneiform survived history, due to the fact
that, it was etched onto clay tablets; as wedge shaped characters. On the other hand, Peer Nova’s Cuneiform
Platform is an operational intelligence (O.I.) platform. Specifically, it is geared towards the
financial sector of the economy. It aims
at reducing friction so that; business clients can achieve higher revenues,
lower the business’s operational costs and overall lower the inherent risks
that are involved. Recently, Peer Nova,
Inc. announced that, it continues to believe in trust and transparency. Specifically, the aforementioned business revealed
that, it has secured $31 million USD in a funding round. Overall, this business reports $74 million
USD in total funds. Interestingly, this
funding round had current investors doubling down on their bet. The current investors who doubled down on their
bet are Mosaik Partners, Medici Ventures and Intuitive Venture Partners.
Intuitive Venture Partners, Medici
Ventures and Mosaik Partners as current investors who doubled down on their
bet; will be contributing funds. The
funds will be used for the following one thing.
The one thing is continued business growth. In reference to, continued business growth,
the aforementioned begins with this business’s founding date. The year 2013, is when Peer Nova, Inc. was
founded. Additionally, it was founded by
people who had backgrounds in blockchain, big data and financial
infrastructure. Furthermore, this
business does plan on having international offices. Currently, it has two additional
offices. These offices are in New
York City U.S.A.,
and, London United Kingdom.
However and returning to, the
Cuneiform Platform, the aforementioned is also correlation. Technically, the aforementioned platform
correlates a wide selection of events and data.
The events and data are from streaming feeds, and, historical data
silos. One goal of this process, is to
give financial sector firms, real-time contextual visibility of
information. The previous, can also be
called real-time operational intelligence.
Through Cuneiform’s real-time operational intelligence, business clients
are empowered to do the following.
Reconciliation, optimization of securities clearing, optimization of
securities settlement, data monetization, asset monetization and risk
management of various types of cases are the things that; business clients are
empowered to do on Peer Nova’s Cuneiform Platform. Overall, Peer Nova’s Cuneiform Platform is
highlighted by the following features.
The features are event lineage, rules engine, built-in E.T.L.,
self-serve, role based access control (R.B.A.C.), Rich A.P.I., immutable single
source of truth, easy integration, data & process integrity and advanced
analytics & reporting.
Howard Mergelkamp is the Managing
Partner of Mosaik Partners. Through a
press statement, Mr. Mergelkamp said the following. “PeerNova has solved seemingly insurmountable
reconciliation, asset optimization, and data integrity challenges for the
largest financial institutions, saving them millions of dollars in annual costs
and freeing up billions in revenue-generating collateral and reserves. We are excited to lead this growth round to
bring PeerNova’s extraordinarily high-value solutions to financial institutions
globally.” Jonathan Johnson is the
President of Medici Ventures.
Additionally, he is a Board Member of Peer Nova’s Board of
Directors. Through a press statement,
Mr. Johnson said the following.
“PeerNova’s world-class team is the force behind bringing this unique
blockchain-based platform to market.
PeerNova has products in production that are solving key trust and
transparency challenges, removing friction, and allowing clients to seamlessly
use their resources more efficiently.”
To end, Peer Nova, Inc. did release
press statements. Atiq S. Raza is the
Chairman of the Board of Peer Nova, Inc.
Through a press statement, Mr. Raza said the following. “PeerNova is an innovative company with an
exciting technology that will make current data integrity challenges
obsolete. Today, data is an ever-growing
asset for any company. This is
particularly true for financial institutions for which data is
mission-critical.” Gangesh Ganesan is
the President and the Chief Executive Officer of Peer Nova, Inc. Through a press statement, Mr. Ganesan said
the following. “We are very excited to
announce this round of funding. We are
committed to further building our unique solution that solves relevant, timely,
and pertinent problems that plague data and process integrity in the financial
industry. We will use this round of
financing to continue our mission, increase market penetration, and extend the
functionality and use cases of our Cuneiform Platform.” As previously stated, Peer Nova, Inc.
recently announced that, it continues to believe in trust and transparency. Specifically, the aforementioned business
revealed that, it has secured $31 million USD in a funding round. Overall, this business reports $74 million
USD in total funds. Interestingly, this
funding round had current investors doubling down on their bet. Lastly, the current investors who doubled
down on their bet are Mosaik Partners, Medici Ventures and Intuitive Venture
Partners.
###
Written
from Press Release
Registered
Writer with
PR
Newswire Association, LLC
R-Berumen28
10/26/2019
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