Intel Capital, the corporate venturing unit of US-listed chip and data company Intel, has invested in the $20m spinout of its parent company’s omni-path architecture (OPA) high performance fabric into a new company, Cornelis Networks.
Alongside Intel Capital in Cornelis’ series A round were venture capital firms Downing Ventures and Chestnut Street Ventures.
Intel launched Omni-Path in late 2015 after Intel’s earlier purchase of Cray.
Trish Damkroger, vice-president and general manager of Intel’s high-performance computing (HPC) division, said: “Intel believes Cornelis Networks will fill the current gap and expand the ecosystem of high-performance fabric solutions, offering an option to customers building clusters for HPC and [artificial intelligence] AI-based on Intel Xeon processors.
“Cornelis Networks will be an important ecosystem partner for Intel, as well as an Intel Capital portfolio company. We are pleased to have played an instrumental role in establishing an independent company that will expand the choice of scale-out interconnects for our customers.”
