# 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 has raised 205 million dollars in a round led by IAG Capital. The company was spun off from Intel in 2020 and builds networking technology that helps AI chips communicate with one another more efficiently, a less glamorous but increasingly critical corner of the AI stack. As models grow, training and running them depends on thousands of chips working in concert, and the connections between those chips can become the bottleneck rather than the chips themselves. Cornelis is targeting exactly that problem, competing in a space where the ability to move data quickly between processors can determine how fast and how cheaply a system runs. The size of the round reflects how much money is flowing into AI infrastructure beyond the headline chipmakers. Investors are betting that whoever wins the compute race will need faster interconnects to get there, and that specialized networking is a durable place to plant capital while the model wars play out above it.

_Section: [AI Funding Tracker](https://www.wortins.com/funding) · Source: TechCrunch · Published Tuesday, September 15, 2026_

## Wortins' read

Cornelis has raised 205 million dollars in a round led by IAG Capital. The company was spun off from Intel in 2020 and builds networking technology that helps AI chips communicate with one another more efficiently, a less glamorous but increasingly critical corner of the AI stack. As models grow, training and running them depends on thousands of chips working in concert, and the connections between those chips can become the bottleneck rather than the chips themselves. Cornelis is targeting exactly that problem, competing in a space where the ability to move data quickly between processors can determine how fast and how cheaply a system runs. The size of the round reflects how much money is flowing into AI infrastructure beyond the headline chipmakers. Investors are betting that whoever wins the compute race will need faster interconnects to get there, and that specialized networking is a durable place to plant capital while the model wars play out above it.

## Source

[Read the full story at TechCrunch](https://www.techmeme.com/260914/p38#a260914p38)

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