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AI infrastructure networking company Cornelis raised $205 million in a round led by IAG Capital Partners, alongside the announcement of Active Compute Fabric to reduce the time GPUs waste waiting for data to arrive. The company, spun out of Intel in 2020, is betting on an open architecture that works with diverse hardware to compete with Nvidia’s integrated offering.
Elucid raised $55 million in Series D funding to commercialize a cardiac imaging platform and strengthen its partnerships with medical device companies. The company is preparing to expand the use of Plaque-IQ while the FDA reviews its noninvasive FFR-CT product.