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Sep 14, 2026

Cornelis raises $205 million for AI networking technology

Cornelis, a company creating networking technology to help AI chips communicate more effectively, raised $205 million in funding led by IAG Capital Partners to compete with Nvidia's networking dominance.

Sep 14, 2026·2 sources

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Top claims

▪A data center with 20,000 GPUs utilized only 70% of the time loses the performance equivalent of 6,000 GPUs, representing tens of millions of dollars in stranded value
▪Cornelis Networks announced a public collaboration with Qualcomm to address passive fabric limitations and optimize large-scale AI system efficiency
▪The Active Compute Fabric architecture relies on three pillars: lossless transport to minimize congestion, in-fabric acceleration to offload collective operations, and programmable compute

Topics

Venture capital funding AI startups Compute, chips & AI infrastructure