Oneiro Secures $5M in Series A Funding

Dhesi Ananchaperumal

Oneiro, a Boston, MA-based provider of high-performance blockchain solutions, raised $5m in Series A funding.

Cosimo Ventures made the investment, which brought total funding to date to $8m.

The new funding will allow the company to provide additional services to the Axiom Foundation and other clients.

Led by newly announced CEO Dhesi Ananchaperumal*, Oneiro is a provider of advanced blockchain solutions for the decentralized Internet. In 2016, Cosimo Ventures and the company collaborated to launch ndau, a buoyant digital currency and decentralized ecosystem. ndau represents a new category of digital virtual currencies that works in parallel with stablecoins and traditional stores of value, such as fiat currency, commodities, or treasuries.

Oneiro has been contracted by the Axiom Foundation to provide a variety of technology development services for ndau, the world’s first buoyant virtual currency.

* Prior to joining the company, Ananchaperumal co-founded and served as CEO of Verité, an identity and access management provider using blockchain technology. In his past roles at Tangoe, Dell EMC and CA Technologies, he led multi-billion dollar product lines, integrated software technology acquired by startups, and built new data center management products.




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