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Cornelis raises $205M led by IAG Capital
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Cornelis, an Intel spin-off focused on networking technology for AI chips, announced a $205 million financing round headed by IAG Capital.
The infusion of capital could accelerate development of interconnect solutions that reduce latency and improve bandwidth between AI accelerators, a key bottleneck in large-scale AI deployments. Engineers building AI-focused systems will want to watch for new networking options that may simplify chip-to-chip communication once they become available.
Written by elseif from the cluster below · every claim links back to a sourceThe three things worth knowing
Cornelis was spun off from Intel in 2020 to create networking technology that helps AI chips communicate more effectively.
The company announced a $205 million funding round led by IAG Capital.
The new capital is intended to speed up delivery of networking solutions for AI accelerator communication.
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