Cornelis Networks launches with £15.5m investment and spin-out of the intel omni-path business

Funding | South East

Cornelis Networks, Inc., a provider of purpose-built interconnects focused on high-performance computing (HPC), high-performance data analytics (HPDA), and artificial intelligence (AI) announced the first close today of it £15.5m Series A funding round, led by Downing Ventures and joined by Intel Capital and Chestnut Street Ventures.

Cornelis Networks is an independent company spun out from Intel’s Omni-Path Architecture Business.

The ability to effectively focus a significant amount of computational power on solving critical problems using artificial intelligence, data analytics, and modeling/simulation techniques is vital to many scientific, commercial, and government organisations.

This need is driving an insatiable demand for ever more capable computing environments that deliver improved algorithm accuracy while reducing the time to result.

The increasing adoption of artificial intelligence techniques for computation scaling is leading to an infrastructure convergence that is critically reliant on the capability of the scale-out interconnect. Cornelis Networks is focused on delivering scale-out interconnects to this multi-billion-dollar global market segment.

The spin-out of the Omni-Path business from Intel has equipped Cornelis Networks with a complete, highly capable scale-out interconnect product line currently installed at over 500 end-user sites that continues to cost-effectively address the needs of the most demanding 100Gbps and 200Gbps environments today. The spin-out has also provided Cornelis Networks access to Intel’s technological foundation necessary to execute on the company’s vision. The company, in close collaboration with key stakeholders and industry partners, has established a compelling roadmap for future innovative scale-out interconnect products.

Cornelis Networks was founded by Philip A. Murphy Jr., Vladimir K. Tamarkin, and Gunnar K. Gunnarsson, proven industry veterans with a long history of contributions to the scale-out interconnect industry.

Phil Murphy, co-founder and CEO, comments: “This company launch represents an incredibly exciting moment for Cornelis Networks. We are thrilled to be partnering with Downing Ventures, who shares our vision and brings excellent technical and market knowledge to the company. Additionally, the Intel contributions have enabled us to hit the ground running with current products and given us a significant head-start on next generation development. Finally, our partnership with the US Department of Energy’s National Nuclear Security Administration (DOE/NNSA) and with key distribution partners has positioned us for long-term success.”

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