AI infrastructure company Cornelis raises $205M to chip away at Nvidia’s dominance

Cornelis, a company creating networking technology to help AI chips communicate more effectively, announced Monday that it has raised $205 million in a funding round led by IAG Capital Partners.

It also announced a product called Active Compute Fabric, a network technology that targets the fact that much GPU time is wasted waiting for data to arrive. Cornelis hopes to address this with a networking fabric that lets chips process and send information at the same time.