Cornelis Raises $205M to Develop Networking Tech Competing with Nvidia
AI infrastructure company Cornelis has raised $205 million in a funding round led by IAG Capital Partners. The company, which spun off from Intel in 2020, is developing networking technology called Active Compute Fabric designed to improve the efficiency of AI chips by allowing them to process and send data simultaneously. Cornelis aims to challenge Nvidia's dominance in the AI hardware market with an open architecture that supports a variety of GPU and accelerator hardware. While Nvidia’s products are optimized for its own software, Cornelis offers greater flexibility for customers looking to avoid vendor lock-in. The company is part of a growing trend of startups targeting specific segments of the AI infrastructure space. Cornelis has already begun shipping its product and plans to release an updated version later this year.
