# Cornelis Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cornelis-networks

- Industry: Electronics
- Headquarters: Wayne, US
- Website: www.cornelisnetworks.com
- Total disclosed funding: $23M
- Latest round: Series A (Sep 17, 2020)
- Investors on record: 3

## About

Cornelis Networks, Inc. is a US-based company specializing in high-performance computing (HPC) and artificial intelligence (AI) networking solutions, particularly known for its CN5000 Omni-Path product line.Founded in 2020 in the United States, Cornelis Networks focuses on providing advanced networking solutions for HPC and AI applications. The company has secured a total of 2 deals, with the most recent deal occurring on February 8, 2021. In this round, Cornelis Networks raised USD 22.75 mn in Series A funding, led by Downing Ventures, with participation from Alumni Ventures Group and Intel Capital. The company was co-founded by Gunnar Gunnarsson and Philip Murphy, who also serves as the CEO.Cornelis Networks specializes in high-performance computing (HPC) and artificial intelligence (AI) networking solutions through its flagship product, the CN5000 Omni-Path. This networking architecture is designed to be lossless and congestion-free, ensuring ultra-low tail latency and high message rates. Its applications span multiple sectors, including accelerated AI model training, real-time inference, and HPC simulations in fields like climate modeling, aerospace engineering, and genomic research. Cornelis Networks ensures its solutions are universally interoperable with leading GPUs, CPUs, and accelerators, and it serves a diverse clientele from academic institutions to large enterprises in technology, finance, and healthcare across North America, Europe, and Asia.Cornelis Networks generates revenue through direct B2B transactions, offering its products and services based on partnerships with clients requiring specialized networking solutions for AI and HPC applications. The primary revenue stream comes from the sales of the CN5000 Omni-Path networking solutions, structured through enterprise licensing or project-based contracts. Clients typically engage in long-term partnerships, purchasing tailored networking infrastructure, and the firm may also provide ongoing support and technical training to create additional value for its clients. Pricing is structured around the scale and complexity of deployments, ensuring customized solutions that align with operational needs. In September 2026, Cornelis Networks, Inc. raised USD 206 million in venture funding led by new investor IAG Capital Partners. The company plans to utilize September 2026 funding to expand into scale-up networking, bring its next generation products to market, scale production, deepen customer partnerships, accelerate go-to-market plans, build out scale-up networking capabilities, develop its next generation roadmap, and support CN6000 manufacturing and customer deployments.

## Funding rounds

- Series A, Sep 17, 2020, $23M — Intel Capital, Alumni Ventures Group, Downing

## Investors

- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series A
- Downing (https://capitalatlas.ai/funds/downing) — Series A