# PeerNova

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/peernova

- Industry: Software
- Headquarters: San Jose, US
- Website: www.peernova.com
- Total disclosed funding: $34M
- Latest round: Series A (Oct 21, 2019)
- Investors on record: 6

## About

PeerNova, Inc. specializes in data quality solutions, leveraging its innovative Cuneiform® platform to empower businesses with enhanced decision-making capabilities through advanced data management and analytics.PeerNova, Inc. was founded in 2013 and is headquartered in San Jose, US. The company delivers data quality solutions, primarily through its Cuneiform® platform. Gangesh Ganesan serves as the CEO and is also one of the founders. PeerNova has engaged in 8 business deals, including its latest Series B funding round in April 2021, raising USD 11.93 mn, which brought the total amount raised to USD 11.93 mn and set the company's valuation at USD 141.951 mn.PeerNova's core offering is the Cuneiform® platform, a zero-code decision-science solution designed to enhance data quality and enable informed decision-making for business users. The platform facilitates the monitoring of data quality metrics, allows users to identify and address high-impact data exceptions, and assesses the fitness of data for critical business decisions. Cuneiform® is utilized by financial institutions for valuation risk management, improving the accuracy of fair-value estimations and streamlining profit and loss reporting. The application also provides comprehensive scenario and trend analyses, price backtesting, and contextual views on instrument prices, thereby addressing challenges related to valuation risk. PeerNova serves a diverse client base, including financial institutions and CRM administrators, and operates primarily in key markets such as North America, Europe, and Asia.PeerNova generates revenue through a subscription-based model for its flagship Cuneiform® platform, catering to both B2B clients and direct end users in the financial services sector. Business transactions typically involve annual contracts for access to the platform, with clients paying for tiered service levels based on their specific data management needs. This structure allows organizations to leverage PeerNova's capabilities in data quality monitoring and risk management, ensuring their teams can make timely and confident decisions. The company’s offerings also include targeted solutions for Salesforce users, enhancing CRM data reliability and management processes, further diversifying its revenue streams.PeerNova, Inc. intends to utilize the USD 11.93 mn raised in its Series B funding round completed in April 2021 to enhance its product offerings and expand into new markets. The company is focused on launching new features for its Cuneiform® platform, specifically targeting financial institutions in North America, Europe, and Asia. With its current valuation of USD 141.951 mn, PeerNova aims to solidify its presence in these regions by the end of 2023.

## Funding rounds

- Series A, Oct 21, 2019, $28M — Pelion Venture Partners, Intuitive Venture Partners, Mosaik Partners, TBA Network
- Series A, Sep 17, 2015, $6M — Overstock.com Inc., Blockchain Capital, Mosaik Partners

## Investors

- Overstock.com Inc. — Series A
- Blockchain Capital (https://capitalatlas.ai/funds/blockchain-capital) — Series A
- Mosaik Partners (https://capitalatlas.ai/funds/mosaik-partners) — Series A
- Pelion Venture Partners (https://capitalatlas.ai/funds/pelion-venture-partners) — Series A
- Intuitive Venture Partners (https://capitalatlas.ai/funds/intuitive-venture-partners) — Series A
- TBA Network (https://capitalatlas.ai/funds/tba-network) — Series A