
Cornelis Networks
Series C RoundUSD 200M
$205 million Series C led by IAG Capital Partners. Concurrently launched Active Compute Fabric and announced partnership with Qualcomm. Valuation not disclosed.
View funding history →- Total funding
- USD 200M
- Data cutoff
- 2026-09-27
Company Profile
Cornelis Networks is a high-performance networking company spun out of Intel in 2020 and based in Wayne, Pennsylvania, focused on chip-to-chip interconnect for AI data centers through lossless, congestion-free large-scale networks. It offers the CN5000 family of SuperNICs and switches plus its Active Compute Fabric architecture, and remains backed by Intel Capital. In September 2026 it raised $205 million in Series C funding led by IAG Capital Partners, and announced a Qualcomm collaboration to expand open-standard scale-up networking.
- Founded
- 2020
- Headquarters
- United States
- Website
- www.cornelis.com
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