About Cornelis Networks
Cornelis Networks is a company based in Wayne (United States) founded in 2019 by Vladimir Tamarkin, Philip A Murphy, and Gunnar K Gunnarsson.. Cornelis Networks has raised $85.25 million across 6 funding rounds from investors including Global Brain, Downing Ventures and Chestnut Street Ventures. The company has 129 employees as of December 31, 2022. Cornelis Networks offers products and services including Omni-Path Switches, Adapters, Gateways, Cables, and Software. Cornelis Networks operates in a competitive market with competitors including Black Box, Mellanox Technologies, d-Matrix, One Stop Systems and NetRack Enclosures, among others.
- Headquarter Wayne, United States
- Employees 129 as on 31 Dec, 2022
- Founders Vladimir Tamarkin, Philip A Murphy, Gunnar K Gunnarsson
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Cornelis Networks
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$85.25 M (USD)
in 6 rounds
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Latest Funding Round
$20 M (USD), Series B
Nov 25, 2024
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Investors
Global Brain
& 3 more
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Employee Count
129
as on Dec 31, 2022
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Products & Services of Cornelis Networks
Cornelis Networks offers a comprehensive portfolio of products and services, including Omni-Path Switches, Adapters, Gateways, Cables, and Software. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-performance switches for AI and HPC interconnects
Adapters enabling scalable high-performance fabrics
Gateways for efficient AI infrastructure connections
Cables supporting high-bandwidth interconnect solutions
Software for managing high-performance networks
Product family for advanced AI interconnects
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Funding Insights of Cornelis Networks
Cornelis Networks has successfully raised a total of $85.25M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in November 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $20.0M
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First Round
First Round
(30 Sep 2020)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2024 | Amount | Series B - Cornelis Networks | Valuation |
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| Mar, 2024 | Amount | Series B - Cornelis Networks | Valuation |
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| Jul, 2023 | Amount | Series A - Cornelis Networks | Valuation |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Cornelis Networks
Cornelis Networks has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Global Brain, Downing Ventures and Chestnut Street Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Global Brain is recognized as a venture capital firm supporting startups.
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Venture capital investments are facilitated for Penn alumni.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Cornelis Networks
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cornelis Networks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cornelis Networks Comparisons
Competitors of Cornelis Networks
Cornelis Networks operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Black Box, Mellanox Technologies, d-Matrix, One Stop Systems and NetRack Enclosures, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Data center equipment is supplied for enterprise operations optimization.
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Provider of Ethernet and InfiniBand interconnect solutions for servers and storage
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Digital in-memory compute engines are developed for efficient AI processing.
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High-performance compute appliances are offered and customized for intensive applications.
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Data center racks and enclosures are manufactured by NetRack Enclosures.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cornelis Networks
Frequently Asked Questions about Cornelis Networks
When was Cornelis Networks founded?
Cornelis Networks was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Cornelis Networks located?
Cornelis Networks is headquartered in Wayne, United States.
Is Cornelis Networks a funded company?
Cornelis Networks is a funded company, having raised a total of $85.25M across 6 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Sep 30, 2020.
How many employees does Cornelis Networks have?
As of Dec 31, 2022, the latest employee count at Cornelis Networks is 129.
What does Cornelis Networks do?
Cornelis Networks was founded in 2019 and is based in Wayne, United States. High-performance networking solutions are offered in the IT sector, with support for middleware and frameworks such as Intel MPI, Open MPI, MPICH, MVAPICH2, SHMEM, GasNet, and TensorFlow. Operations focus on optimized OpenFabrics Interfaces to enable application environments for mission-critical workloads across various user needs.
Who are the top competitors of Cornelis Networks?
Cornelis Networks's top competitors include Black Box, d-Matrix and Mellanox Technologies.
What products or services does Cornelis Networks offer?
Cornelis Networks offers Omni-Path Switches, Adapters, Gateways, Cables, and 2 more products and services.
Who are Cornelis Networks's investors?
Cornelis Networks has 4 investors. Key investors include Global Brain, Downing Ventures, Chestnut Street Ventures, and Intel Capital.