Cornelis Networks has filed a notice of an exempt offering of securities to raise $15,000,000.00 in New Equity and Debt Financing.
According to filings with the U.S. Securities and Exchange Commission, Cornelis Networks is raising $15,000,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Philip Murphy played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Cornelis Networks
Cornelis Networks is a technology leader delivering purpose-built high-performance fabrics for High Performance Computing (HPC), High Performance Data Analytics (HPDA), and Artificial Intelligence (AI) to leading commercial, scientific, academic, and government organizations. At Cornelis, high-performance networks are in our DNA. We have built on our deep fabric roots going back to SilverStorm, PathScale, QLogic, Cray, and Intel to form Cornelis Networks. Our solutions combine and enhance the best attributes of existing fabric technologies, while supporting our customers workloads and embracing open standards. Cornelis supports over 500 global customer installations serving government, academic institutions, and commercial enterprises in our relentless pursuit of technological and scientific advancements. Our customer-centric philosophy is reflected in our products, professional services, and technical support offerings.
To learn more about Cornelis Networks, visit http://cornelisnetworks.com/
Contact:
Philip Murphy, Chief Executive Officer
610-331-6849
https://www.linkedin.com/in/philip-murphy-aa18601b9/
SOURCE: http://www.intelligence360.io
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