Cornami Inc., a Campbell, US-based high-performance computing (HPC) company that increases compute performance significantly, completed an early close to its currently over-subscribed $50 million in Series C financing led by SoftBank Vision Fund 2 to bring Fully Homomorphic Encryption (FHE) to market.
Others participating in this round include institutional investors as well as other existing investors and insiders.
Series C funding will allow Cornami to increase its outbound partner program activities as it focuses on bringing its products to market.
Company: Cornami Inc.
Raised: $50.0M
Round: Series C
Funding Month: October 2021
Lead Investors: SoftBank Vision Fund 2
Additional Investors:
Company Website: https://cornami.com/
Software Category: Computing in real-time environments
About the Company: Cornami (named for a “tsunami of cores”) is focused on the deployment of intelligent computing in real-time environments. The company has developed a scalable next-generation massively parallel processor architecture addressing the shift in computing needs for exploding dataset workloads in Machine Learning and Neural Network markets. The company has developed a massively parallel reconfigurable computational fabric architecture to deliver scalable processors to address the shift in computing needs for the ever-increasing massive data sets of today, and into the future. This game-changing, software-defined technology delivers unprecedented linear scalability from thousands of cores on a single chip to millions across a system to meet performance, cost, and power requirements for customers.
Source: https://www.businesswire.com/news/home/20211007005089/en/Softbank-Leads-50M-Series-C-Funding-for-Cornami-to-Bring-Real-Time-Fully-Homomorphic-Encryption-FHE-to-Market