Information technology tops recent funding news in San Jose

<p>Photo: Unsplash</p>

Photo: Unsplash

San Jose-based cloud computing company Pensando has secured $145 million in Series C funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on Oct. 16.

"Founded in 2017, Pensando Systems is advancing distributed computing designed for the New Edge, powering software-defined cloud, compute, networking, storage and security services to transform existing architectures into secure, ultra-fast environments demanded by next-generation applications," states the business's Crunchbase profile. It continues, "The platform was developed in collaboration with the largest cloud, enterprise, storage, and telecommunications leaders, and is supported by partnerships and investments with HPE, NetApp, Equinix and multiple Fortune 500 customers."

The three-year-old startup has raised two previous funding rounds, including a $62 million Series B round in 2018.

The round brings total funding raised by San Jose companies in information technology over the past month to $176 million. The local information technology industry has produced 46 funding rounds over the past year, raking in a total of $919 million in venture funding.

In other local funding news, blockchain company PeerNova announced a $31 million Series C funding round on Oct. 22, led by Mosaik Partners.

According to Crunchbase, "PeerNova is a financial service company building real-time, frictionless financial markets through trust and transparency. It solves some of the most prevalent challenges in the financial industry. PeerNova’s Cuneiform Platform enables financial institutions to perpetually synchronize their data across multiple internal and external systems guaranteeing data and process integrity."

Founded in 2013, the company has raised five previous rounds, including a $7 million round in 2017.

Meanwhile, retail and commercial company X3 Builders raised funding that was announced on Oct. 23. The round was financed by Cemex Ventures.

From the company's Crunchbase profile, "X3 Builders provides commercial construction services to the Bay Area's leading Owners and Developers. They pair their experienced teams with powerful software to deliver your projects with accountability and a peace of mind."

X3 Builders last raised $120,000 in seed funding in 2017.

This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.