Cornelis Networks Raises $205M, Launches Active Compute Fabric

Data center networking startup Cornelis Networks announced a $205 million funding round led by IAG Capital Partners and the launch of its new Active Compute Fabric architecture. The open, programmable network fabric is designed to accelerate AI workloads by integrating compute directly into the network, reducing data traversal by up to 50% and improving accelerator utilization. The company also announced a strategic collaboration with Qualcomm Technologies.