# Cornami

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cornami

- Industry: Hardware
- Headquarters: Campbell, US
- Website: www.cornami.com
- Total disclosed funding: $159M
- Latest round: Series C (Mar 1, 2022)
- Investors on record: 6

## About

Cornami, Inc. offers advanced computing solutions specializing in real-time processing of encrypted data through its proprietary TruStream® computing architecture, enhancing data security across multiple industries.Cornami, Inc. was founded in 2012 in Campbell, US. The company focuses on developing technologies for secure data processing, primarily in the domain of Fully Homomorphic Encryption (FHE). The founders, Fred Furtek and Gordon Campbell, have extensive backgrounds in technology development. Cornami successfully raised USD 68.00 mn in Series C funding on March 1, 2022, led by SB Investment Advisers, with additional participation from Applied Ventures, Impact Venture Capital, and Octave Ventures. This funding round marked the latest in a total of 11 deals.Cornami specializes in advanced computing solutions focused on real-time processing of encrypted data, utilizing its proprietary TruStream® computing architecture. The core offering is Fully Homomorphic Encryption (FHE), which allows data to remain encrypted during processing, thereby ensuring privacy and security. This technology is particularly beneficial for industries such as banking, healthcare, insurance, and fintech, where data confidentiality is paramount. By enabling real-time analytics and processing on encrypted datasets, Cornami addresses critical use cases including fraud detection, anti-money laundering, and predictive analytics without exposing underlying confidential information. The company's solutions are designed for deployment across various geographies, including North America, Europe, and Asia, catering to organizations that require stringent data security compliance and optimization of data privacy protocols.Cornami generates revenue through a business-to-business (B2B) model, primarily through partnerships and subscriptions for its cutting-edge FHE technology and TruStream® computing solutions. The transactions typically involve corporate clients from regulated industries who subscribe to Cornami's services for enhanced data security and compliance. Clients engage in long-term contracts, potentially including service-level agreements that specify performance guarantees for data processing capabilities. Additionally, Cornami may offer tiered pricing plans based on the scale and complexity of the solutions utilized, which are tailored to meet the specific needs of each customer. Key offerings, such as the FracTLcore® Compute Fabric and the Silicon iQ™ technology, are central to these agreements, ensuring a robust and effective computing environment for sensitive data management.In March 2022, Cornami, Inc. raised USD 68.00 mn in Series C funding to expand its outbound partner program activities as it brings its products to market. The funding will support initiatives aimed at enhancing partnerships and developing new products based on their existing FHE technology. Cornami plans to focus on expanding its market presence in North America, Europe, and Asia to further cater to industries with stringent data security needs.

## Funding rounds

- Series C, Mar 1, 2022, $68M — Applied Ventures, Impact Venture Capital, SB Investment Advisers, Octave Ventures
- Series C, Oct 7, 2021, $46M — SB Investment Advisers
- Series B, Apr 10, 2020, $26M — Impact Venture Capital
- Series B, Sep 20, 2016, $3M — Impact Venture Capital
- Series B, Jul 11, 2014, $15M — Pinetree Capital, Clarke Capital Partners

## Investors

- Pinetree Capital (https://capitalatlas.ai/funds/pinetree-capital) — Series B
- Clarke Capital Partners — Series B
- Impact Venture Capital (https://capitalatlas.ai/funds/impact-venture-capital) — Series B, Series C
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series C
- Applied Ventures (https://capitalatlas.ai/funds/applied-ventures) — Series C
- Octave Ventures — Series C