SANTA CLARA, Calif.--(BUSINESS WIRE)--CORNAMI, a high-performance computing company, today announced they have closed Series B financing in the amount of $3 million led by Impact Venture Capital. In addition, two key technology entrepreneurs participated in the round and joined the company in key management roles. Yatish Mishra has joined the company as president and COO, and Denoid Tucker as vice president of product and services. CORNAMI is a name change from SVIRAL, the company that developed innovative technology for highly efficient and accelerated multi-core programming. CORNAMI owns all rights, patents, and proprietary technology of the former SVIRAL.
An accomplished industry veteran and thought leader with more than 30 years of experience, Mishra has been highly effective in bringing advanced technologies to the forefront of high-growth compute markets. Most recently, Mishra and Tucker held top executive positions at Xand and were instrumental in growing the company to become one of the largest privately held data-center firms in Northeast USA. In 2015, Xand was acquired by Tierpoint, a leading national provider of highly resilient data center, cloud, and managed services.
Prior to Xand, Mishra was co-founder, president and CEO of RagingWire Enterprise Solutions in California, focusing on co-location, managed services and cloud-computing IT outsourced solutions. Other senior management roles include vice president of IT at Photronics and vice president of engineering at Microlink Technologies.
Tucker joined TierPoint through its 2014 acquisition of Xand, where he served as CTO. While at TierPoint, he was charged with the company’s technical vision and deployment; directed the integration of technology into all TierPoint data centers, and provided leadership for product engineering and sales operations. Prior to Xand, Tucker held key technical executive roles at RagingWire Enterprise Solutions, overseeing the design and implementation of the company’s award-winning cloud platform.
Gordon Campbell, co-founder and CEO at CORNAMI, stated, “We are extremely pleased to have Yatish and Denoid join the CORNAMI team. They bring tremendous knowledge, expertise, and experience in computing technologies to the company, and will play key management roles in the implementation of CORNAMI’s break-through technologies into high-performance products directed at the high-growth, multi-billion-dollar Big Data markets. They are already actively engaged in the development of strategies and products, moving the Company outbound to build revenue and profitability.”
Gordon Campbell has founded, built, and successfully launched a wide range of technology-based companies (Chips and Technology, Cobalt, 3dfx, and more) taking early stage concepts from start-up to high-volume revenue and profits with over $5 billion of market value.
“CORNAMI has developed a disruptive technology for efficient multi-core processing that will change the way we build and utilize computers in data centers for big data,” said Yatish Mishra. “The gains are seen in performance for significantly increased compute output, dramatically reduced power usage, and lower latency, which contribute to reduced cost structures and lower total cost of ownership. While I view CORNAMI as a wise investment, I’m also excited to join the Company to take these unprecedented technologies to market.”
CORNAMI’s proprietary technology enables highly efficient multi-core processing that dramatically changes the output-to-power performance at the petabyte data-set scale. This will create a significant performance increase, with lower latency and power, to run high-value Big Data applications, which is a huge win in today’s market. There is built-in demand for real-time analytics for applications in financial, machine learning and artificial intelligence (AI) markets. This technology will greatly reduce the footprint and costs of hardware, energy, and labor for data centers, with the result of greater efficiencies translating into higher profits.
Jack Crawford at Impact Venture Capital, stated, “CORNAMI meets our criteria for a high-impact business that is poised to solve global challenges. Their patented multi-core processing technology will indeed be a game-changer for data centers as it offers the combination of extreme performance at a lower cost, while reducing their global carbon footprint on a massive scale.”
CORNAMI is focused on high-performance compute technology and products, made possible by the development of its breakthrough and patented multi-core technology that efficiently uses heterogeneous cores in a highly concurrent, parallel way. This breakthrough and patented technology will reduce the use of power sources and latency, while vastly increasing the compute performance of products and their ROI in a variety of markets, with the Company’s initial focus being Big Data.
CORMANI™ is a high performance computing (HPC) company that increases compute performance significantly, made possible by the development of its breakthrough and patented multi-core technology that efficiently uses heterogeneous cores in a highly concurrent, parallel manner. This technology will reduce the use of power sources and lower latency, while vastly increasing the compute performance of products and their ROI in a variety of markets, with the Company’s initial focus being Big Data. CORNAMI was founded by three Silicon Valley veterans of chip and reconfigurable computing technologies: Gordon Campbell, Dr. Fred Furtek and Paul Master. The Company’s headquarters is in Silicon Valley, with offices in Sacramento and Boston. www.CORNAMI.com