Cornelis Networks raised $205 million led by IAG Capital Partners, announced Sept 14, 2026, alongside its new Active Compute Fabric and a collaboration with Qualcomm. The Intel Omni-Path spinout targets an open-standard scale-up/scale-out AI networking market it pegs at more than $55B by 2030.
Why this matters for founders
Teams running large training or inference clusters get another open-standard interconnect option; relevant when network latency is wasting GPU time.
Source: TechCrunch
Related updates
More that helps you.
China's EVAS Intelligence raises nearly RMB 2B for RISC-V AI chips
EVAS Intelligence raised nearly RMB 2 billion (about $280M), announced Sept 18, 2026, at a post-money valuation near RMB 15 billion from 20+ investors including SMIC Capital and Hu…
Crusoe raises $3.9B Series F at $30.9B valuation for AI infrastructure
Crusoe closed the initial tranche of a $3.9 billion Series F on Sept 17, 2026 at a $30.9 billion post-money valuation, co-led by Atreides, Mubadala Capital and Valor Equity, with N…
Crusoe raises over $3B at a $30B valuation for AI data centers
AI infrastructure and cloud provider Crusoe raised more than $3 billion on Sept 3, 2026 at a roughly $30 billion valuation, co-led by Atreides Management and Valor Equity Partners…
EuroHPC signs 387.8M euro contract for LUMI-AI supercomputer in Finland
On Aug 31, 2026 the EuroHPC Joint Undertaking signed a 387.8M euro contract with Bull to build LUMI-AI, powered by AMD Instinct MI430X GPUs and 6th-gen EPYC CPUs at CSC in Kajaani,…
Get briefs like this tuned to you.
In the app, Founder Briefs are personalized to your country, industry and stage, and you can save the ones that matter.
See plans →
Keep exploring
Related across the site
ToolMakeA visual, no-code/low-code automation platform where you build multi-step workflows ('scenarios') on a drag-and-drop canvas connecting your apps and APIs.ToolZoomVideo conferencing for meetings, webinars, and screen sharing, plus recording and AI note-taking.TermBurn RateThe rate at which your company spends cash each month, showing how quickly you're depleting your bank balance.TermRunwayHow many months your company can keep operating before it runs out of cash, at its current spending rate.Case studyJensen HuangNVIDIACase studyEric YuanZoom