Cornelis, spun off from Intel in 2020 to build networking tech that helps AI chips communicate more effectively, raised $205M led by IAG Capital (Dominic-Madori Davis/TechCrunch)
Cornelis, a networking technology company spun off from Intel in 2020, has secured $205 million in new funding. The investment round was led by IAG Capital and focuses on developing technology that enhances communication between AI chips. This financial support aims to strengthen the company's position in the high-performance computing sector.
- ▪Cornelis was spun off from Intel in 2020 to develop networking technology for AI chips.
- ▪The company raised $205 million in a funding round led by IAG Capital.
- ▪The technology developed by Cornelis helps AI chips communicate more effectively.
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| Original publisher | Techmeme |
| Canonical URL | https://www.techmeme.com/260914/p38#a260914p38 |
| Publication time | Mon, 14 Sep 2026 17:30:01 -0400 |
| Retrieval time | 2026-09-14T21:31:51.955Z |
| Last seen | 2026-09-14T21:31:51.955Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | M328AOqVDagv · 1 stories |
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| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
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About This Page This is a Techmeme archive page. It shows how the site appeared at 5:30 PM ET, September 14, 2026. The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated. From Mediagazer New York Times: CBS News' 60 Minutes, returning under Nick Bilton, featured new correspondents and a refreshed stopwatch, and was more of a tweak than an overhaul Alex Weprin / The Hollywood Reporter: Board letter: Comcast and Paramount Skydance are launching a “review of strategic options” for their European joint venture streaming service SkyShowtime Max Tani / Semafor: A look at Treasury Secretary Scott Bessent's tense relationship with financial media, sources say after Bloomberg's 2025 story on his two…
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