Software and hardware vendor PeerNova has managed to raise close to nine million dollars in extra funding.
The round was led by San Francisco-based technology investment firm Mosaic Partners, while other investments came from individuals such as venture capitalist Pierre Lamond and Ashar Aziz, the CTO of network security company FireEye. The company plans to use the funds to expand globally, further its research and experimentation, and bring the technology of the blockchain to its platform.
PeerNova was formed in May of this year through the fusing of two mining companies; HighBitcoin and CloudHashing. CCO of the company Emmanuel Abiodun states that while PeerNova does have several new goals and tasks lined up for the future, mining will remain as one of the company’s many operations.
“We’re going to maintain the mining side, but it is not going to be the predominant side of our business. We see ourselves more as an infrastructure play rather than a cryptocurrency company.”
He also mentions that they are looking to release a minimum of two new products to its customers sometime in 2015.
“We’re looking more at enterprise solutions. We believe there is a lot that can be done. We don’t just like talking about the technology, we believe there are a lot of applications and that’s what we’re working on right now.”