Semiconductor pioneer and experienced venture capitalist Pierre Lamond has thrown in some investment funds into San Jose-based PeerNova, according to a Tuesday announcement.
Financial terms of the pre-Series A investment were not disclosed, and this isn’t the first investment the company has received this year.
Back in July, the company had announced that cyber-security expert Ashar Aziz has also made an investment, and the financial terms of that were also not announced publicly.
And while we hear about investments in the bitcoin sector much more frequently now than, say, a year ago, Lamond has an interesting background.
He co-founded Fairchild Semiconductor and National Semiconductor in 1967, and worked as a partner at Sequoia Capital from 1981 to 2009.
Previous deal include Cypress Semiconductor, Microchip Semiconductor, Vitesse Semiconductor, and Redback Networks.
Further experience includes working in a lead engineering position for a temporary amount of time at Cisco, and he even mentored YouTube founders Steve Chen, Chad Hurley, and Jawed Karim.
In 2009, Mr. Lamond became a General Partner at Khosla Ventures until earlier this year.
“I invested in PeerNova because of its stellar leadership team and deep expertise in technology and operations,” Mr. Lamond said. “The crypto currency space is fairly new, but it has tremendous potential to disrupt a number of industries with blockchain based technology solutions. I am confident that PeerNova’s management experience will enable it to successfully deliver on its vision of being the leader in block chain based infrastructure, platform and applications.”
PeerNova CEO Dr. Naveed Sherwani added, “We are very excited to attract investments from Silicon Valley luminaries. Having semiconductor pioneer Mr. Lamond as one of our early investors helps validate our vision, product roadmap and goal to bring blockchain based applications to the consumer and enterprise markets. As we actively work on an array of products and partnerships that leverage our infrastructure and platform, we are glad to count Mr. Lamond as one of our investors.”
In 2014, CloudHashing and HighBitCoin, LLC merged to form PeerNova. The company specializes in peer-to-peer applications and platforms for digital currency/e-commerce markets.