Peer Nova, Inc. Secures $31 Million USD in a Funding Round


(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. 

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Written from Press Release
Registered Writer with
PR Newswire Association, LLC
R-Berumen28
10/26/2019

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