Cornelis, an AI infrastructure company spun out of Intel, raised $205 million in a funding round led by IAG Capital Partners, according to the company and TechCrunch. The financing will support development of networking technology for large-scale AI systems.
The company also introduced Active Compute Fabric, an interconnect designed to help AI chips exchange data while continuing to process workloads. Cornelis argues that GPUs and other accelerators can spend substantial time waiting for data, limiting the effective utilization of expensive compute hardware.
Cornelis is positioning its architecture as an open alternative to vertically integrated systems. The fabric is intended to work with different GPUs and accelerators rather than requiring customers to use a single vendor’s networking and software stack.
The company has begun shipping its existing product and plans another generation later in 2026. Its strategy reflects growing industry interest in networking, memory movement and interconnects as potential bottlenecks in AI infrastructure, alongside the processors themselves.
