PeerNova, Inc., a San Jose, California-based developer of distributed trust systems based on Blockchain technologies, completed the second tranche of its Series A financing.
Online retailer Overstock.com, Inc. (NASDAQ: OSTK) invested in the company, which had announced that it raised $8.6m for the first tranche in December 2014 (read here).
To date, PeerNova has raised $19m in equity and debt financing.
Led by Dr. Naveed Sherwani, President and CEO, the company provides distributed trustless systems based on blockchain technologies.
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.