The new round of funding will help the company to attract talent, strengthen its technology as well as data integrity and security and overcome linguistic barriers.

'We are now well positioned to increase the depth of our services and expand globally,' said Jean-Marc Emden, Founder and CEO of DreamsCloud. 'DreamsCloud is already the leader in the space of dreams and thanks to our modular business model we are now poised to become the go-to resource for dreamers around the world.'

DreamsCloud also announced the hiring of start-up entrepreneur and renowned researcher Dr. Kate Niederhoffer as Chief Research Officer, a position in which she will lead a team of scientists to further explore and study the intricate world of dreams.

'Dreams are a powerful form of working through unresolved conflict and everyday situations,' Niederhoffer said. 'I can't resist an opportunity to connect social scientists to real world data.'

DreamsCloud offers people around the globe the opportunity to connect, share and discover their dreams. The Miami-based company allows users to wake up, post their visions and socialize with others, all while keeping a digital journal of their dreams.

Similar to other popular social media platforms, users can 'like', comment on and share each other's dreams, along with the ability to discover the meaning of their dreams with help of professional dream reflectors or via interactions with other users.

'The world has 7 billion daily dreams, 3 billion internet users and 2 billion social media users, which support DreamsCloud's philosophy that humans have a natural desire to embrace the journaling and sharing of dreams in a community that sets the opportunity for reflection and discovery,' said Emden.

'Dreams are an essential part of who we are and hint to our overall emotional and physical wellbeing,' Emden added, noting that DreamsCloud is not only a place to interact and have fun but also a place for 'humans to bring back a sense of humanity.'

DreamsCloud further announced that it will open a new growth round in the near future.