{"id":6562,"date":"2022-03-01T14:00:00","date_gmt":"2022-03-01T14:00:00","guid":{"rendered":"https:\/\/cornami.com\/website_27705a17\/cornami-announces-strategic-investment-from-applied-ventures\/"},"modified":"2024-12-24T00:57:38","modified_gmt":"2024-12-24T00:57:38","slug":"cornami-announces-strategic-investment-from-applied-ventures","status":"publish","type":"post","link":"https:\/\/cornami.com\/website_27705a17\/cornami-announces-strategic-investment-from-applied-ventures\/","title":{"rendered":"Cornami Announces Strategic Investment from Applied Ventures"},"content":{"rendered":"\n

\u2013 For Immediate Release \u2013 <\/strong><\/p>\n\n\n\n

Real-Time Privacy-Preserving Computing on Encrypted Datasets is Critical for Today\u2019s Digital Economy<\/em><\/h3>\n\n\n\n

March 1, 2022 <\/strong>\u2013 Cornami, Inc. <\/strong>\u2013 Campbell, CA <\/strong>\u2013 Cornami (named for a \u201ctsunami of cores\u201d) announced today that Applied Ventures, LLC has made a strategic investment in the company\u2019s over-subscribed Series C financing led by SoftBank Vision Fund 2.  As the venture capital arm of Applied Materials, Inc., Applied Ventures invests in companies with high growth potential that can help develop technologies and markets that provide natural extensions to Applied\u2019s core business \u2013 stimulating the growth of applications for semiconductors and related products and services.<\/p>\n\n\n\n

Cornami\u2019s unique software defined TruStream\u00ae Computational Fabric can scale performance without penalties to deliver real-timecomputing for critical and complex applications.   The company\u2019s proprietary technology lowers power consumption and latency, while vastly increasing the performance for today\u2019s massive datasets whether at the edge or the cloud.  This includes, most notably, accelerating Fully Homomorphic Encryption (FHE) for real-time computing on encrypted data sets, which is vital for data privacy and cloud security.<\/p>\n\n\n\n

Data is the engine for business growth in today\u2019s digital-driven economy.  The importance of the knowledge gained from data analytics in the global economy cannot be overstated.   However, this comes with challenges on the confidentiality of the data and how businesses and industries navigate this asset in terms of privacy, cross-border regulations, and sharing\/monetizing with third parties to enhance business growth while improving operational efficiency. This is where FHE can play an important role.<\/p>\n\n\n\n

FHE allows for extracting intelligent data analytics without ever decrypting the data to expose the underlying plaintext <\/em>data, whether it is intellectual property (IP), financial information, personally identifiable information (PII), customer data, intelligence insight, or beyond.  The challenge to date is FHE is too computationally intensive to be commercially practical.   Cornami can shift the paradigm to deliver this critical data privacy capability in real-time at market prices. This provides intelligent insights from valuable datasets including processing privacy-preserving artificial intelligence (AI) and machine learning (ML) models.<\/p>\n\n\n\n

\u201cThe availability of practical FHE introduces a sea change to the cloud computing marketplace and the entire information processing industry,\u201d stated Dr. Walden (Wally) Rhines, CEO of Cornami.  \u201cToday, it is impossible to guarantee hack-proof firewalls, secure operating systems, processors without embedded trojans, or internal risk from employees in computing environments.  Privacy and data security become achievable goals with FHE, allowing for a wide range of services to become accessible while maintaining full confidentiality of the data, the application, and service results,\u201d Dr. Rhines added. \u201cWe are excited to have Applied Ventures as an investor and to gain their expertise as we work on developing a variety of use cases, products and services.\u201d<\/p>\n\n\n\n

\u201cIt is clear that data privacy is critical for extracting the full analytical potential from valuable data assets,\u201d said Dr. John Wei, investment director at Applied Ventures. \u201cThe benefit from these intelligent insights and the ability to enable secure collaboration across organizational and jurisdictional boundaries is vital to building long-term trusted relationships between data owners and service providers.\u201d<\/p>\n\n\n\n

Series C funding will allow Cornami to increase its outbound partner program activities as it focuses on bringing its products to market.<\/p>\n\n\n\n

About Cornami <\/strong><\/p>\n\n\n\n

Cornami is focused on the deployment of intelligent computing in real-time environments.   The company has developed a massively parallel reconfigurable computational fabric architecture to address the shift in computing needs for the ever-increasing massive datasets 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. www.cornami.com<\/a><\/p>\n\n\n\n

About Applied Ventures<\/strong><\/p>\n\n\n\n

Applied Ventures, LLC, the venture capital arm of Applied Materials, invests in technology companies across the Materials to Systems\u2122 stack that have the potential to deliver high growth and exceptional returns. Its investments help develop technologies and markets that provide natural extensions to Applied Materials\u2019 core business and stimulate the growth of applications for semiconductors, displays and related products and services. Learn more at www.appliedventures.com<\/a> or follow @Applied_VC<\/a>.<\/p>\n\n\n\n

Contact:  Darlene Kindler
media@cornami.com<\/a>
dkindler@cornami.com 
Tel. (408) 337-0070<\/p>\n","protected":false},"excerpt":{"rendered":"

\u2013 For Immediate Release \u2013  Real-Time Privacy-Preserving Computing on Encrypted Datasets is Critical for Today\u2019s Digital Economy March 1, 2022 \u2013 Cornami, Inc. \u2013 Campbell, CA \u2013 Cornami (named for a \u201ctsunami of cores\u201d) announced today that Applied Ventures, LLC has made a strategic investment in the company\u2019s over-subscribed Series C financing led by SoftBank Vision Fund 2.  As the venture capital 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Ligeti","author_link":"https:\/\/cornami.com\/website_27705a17\/author\/rob\/"},"uagb_comment_info":0,"uagb_excerpt":"\u2013 For Immediate Release \u2013  Real-Time Privacy-Preserving Computing on Encrypted Datasets is Critical for Today\u2019s Digital Economy March 1, 2022 \u2013 Cornami, Inc. \u2013 Campbell, CA \u2013 Cornami (named for a \u201ctsunami of cores\u201d) announced today that Applied Ventures, LLC has made a strategic investment in the company\u2019s over-subscribed Series C financing led by SoftBank Vision Fund 2.  As the venture 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