The Intel Omni-Path spinout building an open, programmable fabric that runs compute inside the network for AI and HPC.
Cornelis Networks builds high-performance network fabrics for AI and high-performance computing, as an open alternative to NVIDIA InfiniBand and standard Ethernet. The company was formed when Intel's Omni-Path Architecture business was carved out in September 2020, and has since taken the technology through Omni-Path Express and the 400Gbps CN5000 to the 800Gbps CN6000 Ethernet SuperNIC. Its September 2026 Active Compute Fabric architecture moves the company into scale-up networking: programmable compute is built into the fabric so collective operations and data transformation happen in flight, on the argument that roughly half of GPU hours in large clusters are spent waiting on data. It is led by CEO Lisa Spelman, formerly Intel's data-centre GM, and is headquartered in Wayne, Pennsylvania.
AI📍 Wayne, PAFounded 2019
Current Valuation
Private
PRIVATE
IPO Outlookprivate
Is Cornelis Networks going public?
No. Cornelis Networks is private and has not filed to go public. There is no S-1 on file.
What is Cornelis Networks' valuation in 2026?
No confirmed valuation is on record for Cornelis Networks. The roster shows funding and investors where they are public; it does not estimate a mark.
Has Cornelis Networks filed an S-1?
No public S-1 is on file for Cornelis Networks.
Who are Cornelis Networks' investors?
Cornelis Networks' investors include IAG Capital Partners, Intel Capital, Adit Ventures, Foresight Group, KittyHawk Ventures, Ridgeline Partners and 2 more.
How much has Cornelis Networks raised?
Cornelis Networks has raised $256.75M in total across 3 disclosed rounds, most recently a Series C of $205M in Sep 2026.
Is Cornelis Networks publicly traded — can you buy Cornelis Networks stock?
No. Cornelis Networks is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for Cornelis Networks on its Pre-IPO Access Desk.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Company Profile
CEO
Lisa Spelman
Founded
2019
HQ
Wayne, PA
Employees
250+
Total Raised
$256.75M
Growth
Over 250 employees, up from the 2020 Intel carve-out. Shipping into national-lab and academic supercomputing — CN5000 runs Lawrence Livermore National Laboratory systems for the NNSA and upgraded TACC’s Stampede3 — and the company is a partner on the US Department of Energy’s Genesis Mission. Server and platform work with AMD, Supermicro, Lenovo, NEC, xFusion, NextSilicon and Penguin Solutions, and a September 2026 collaboration with Qualcomm Technologies on rack-scale AI infrastructure.
Last Round
Series C — $205M (Sep 2026) · Lead: IAG Capital Partners
IPO Status
private
Fundraising Status
Series C · $205M · 1 mo ago
privateTotal raised $256.75M3 disclosed rounds
Growth & Valuation
Capital raised per round
Charts built from publicly disclosed funding rounds and revenue estimates. Approximate, not real-time, not investment advice.
Funding History
Round
Amount
Date
Lead Investor
Post-Money
Series C
$205M
Sep 2026
IAG Capital Partners
—
Series B
$29M
Nov 2022
IAG Capital Partners
—
Series A (spinout financing)
$22.75M
Sep 2020
—
—
Vertical Intelligence — AI / ML
No verified Hugging Face organization found for Cornelis Networks — no attributable open-model footprint. Closed-weights labs are common; this is a distribution signal, not a capability judgment.
Checked huggingface.co as of 2026-10-24. Re-checked weekly.
Talent Signal
Hiring trend
▶ Hiring steady
-6% vs 2026-09
Open roles
30
via careers page
Product-build share
70%
engineering, research, product, design
Trajectory
steady
heavy product build — 70% of open roles are product-building functions (engineering/research/product) — 8 of 30 open roles are engineering.
Counted from Cornelis Networks's live job board as of 2026-10-14; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
Founders & Key People
Philip Murphy Jr.
Investors
IAG Capital Partners · Intel Capital · Adit Ventures · Foresight Group · KittyHawk Ventures · Ridgeline Partners · SQN Venture Partners · Global Brain
Products
Active Compute Fabric — an open architecture spanning scale-up and scale-out networking that combines lossless transport, in-fabric acceleration and programmable compute, so the network operates on data in flight (offloading collectives, compressing) rather than only moving it. Built on UALink and ESUN for scale-up and Ultra Ethernet for scale-out.
CN5000 — 400Gbps Omni-Path scale-out interconnect (switches, SuperNICs, director switches), shipping since June 2025
CN6000 — 800Gbps Ethernet SuperNIC, sampling with customers as of September 2026 with expanded availability expected in Q4 2026
Omni-Path Express (OPX) — the software/fabric stack inherited and rearchitected from the Intel Omni-Path business
AI infrastructureAI networkingHPCdata center networkingIntel spinoutOmni-PathUltra Ethernetsemiconductors
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of recent date. Refreshed quarterly.