Former Intel team gets $205M to connect AI computers faster

Cornelis Networks has raised $205 million led by IAG Capital Partners, it said September 14, 2026. The company, spun out of Intel in 2020, builds the connections that let AI computers work together, like highways between cities. It will use the money to make more of its CN5000 and CN6000 connection boxes and release new versions later in 2026.