Cornami, the startup with the many-core accelerator compute fabric, has received strategic investment into its over-subscribed Series C round from Applied Ventures, the venture capital arm of Applied Materials.
Cornami’s focus is hardware acceleration for fully homomorphic encryption (FHE) — an encryption scheme which allows data to be used while encrypted, without ever revealing the plaintext. The technology is still in its infancy today as FHE encryption algorithms are too compute intensive for practical implementation, but if practical FHE could be realized, there are huge implications for military, medical and other data which requires the highest level of secrecy. An FHE accelerator could enable using medical data from multiple sources to train a big AI model for medical imaging, for example, or transmitting and using military data without making it vulnerable by decrypting it at any point.
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