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Cornelis Networks, Inc.

Networking hardware and software for AI and high-performance computing systems.

Updated Nov 10, 2026·Latest SEC filing Jul 20, 2026·Suggest an edit

About Cornelis

Cornelis is a private company based in Wayne, Pennsylvania. It has reported $226,095,300 raised in seven offerings on Form D since October 2020. Its chief executive is Lisa Spelman.

Funding Rounds (SEC Form D)

First saleFiled with SECAmount soldInvestorsAvg. checkTermsFiling
Nov 25, 2024Dec 2, 2024amended Jul 20, 2026$112,000,000of $245.0M target1$112.0MEquity, Debt, Options, Convertible promissory notesRule 506(b)Form D/A ↗2 earlier filings
Mar 1, 2024Mar 12, 2024$25,000,000of $45.0M target1$25.0MEquityRule 506(b)Form D ↗
Aug 11, 2023Aug 24, 2023$19,300,000of $45.0M target1$19.3MEquity, Series B-3 Preferred Stock and Series B-3C Preferred StockRule 506(b)Form D ↗
Jun 26, 2023Jul 5, 2023$5,000,000fully sold1$5.0MEquity, Debt, Options, Convertible promissory notes; Warrants to purchase preferred stockRule 506(b)Form D ↗
Dec 30, 2022Jan 17, 2023$12,500,000of $15.0M target1$12.5MEquity, Debt, Options, Convertible promissory notes; Warrants to purchase preferred stockRule 506(b)Form D ↗
Aug 3, 2022Aug 18, 2022$29,545,300of $75.8M target8$3.6MEquity, Options, Securities on exercise, Series B-1 and Series B-2 Preferred StockRule 506(b)Form D ↗
Sep 17, 2020Oct 1, 2020$22,750,000of $31.2M target5$4.5MEquityRule 506(b)Form D ↗
Total, seven offerings$226,095,300

First sale is the date the first investor in the offering committed to invest. Companies must file Form D within 15 days of that date, so filing dates run later.

Leadership Team

Executive officers and directors listed on Cornelis's Form D filed Jul 20, 2026.

JW
AG
PJ
Philip Murphy Jr.
Co-Founder, President, and Chief Operating Officer, director
LS
Lisa Spelman
Chief Executive Officer and director

Earlier filings also listed Vladimir Tamarkin (executive officer, last listed Mar 2024), Gunnar Gunnarsson (executive officer, last listed Mar 2024), Charlie Wuischpard (director, last listed Aug 2023), Jack Eadie (director, last listed Jul 2023) and Warren Rogers (director, last listed Oct 2020).

Sources

  1. SECCornelis Networks, Inc. Form D/A, filed Apr 29, 2025
  2. SECCornelis Networks, Inc. Form D, filed Dec 2, 2024
  3. SECCornelis Networks, Inc. filing history
  4. CompanyCornelis contact
  5. CompanyCornelis leadership