Cornami names Jan Geldmacher CEO and expands senior leadership

By AI, Created 5:14 PM UTC, May 18, 2026, /AGP/ – Cornami appointed Jan Geldmacher as CEO and chairman, adding new leadership in science and finance as the company pushes its morphable silicon platform into broader commercial deployment. The move comes as Cornami scales its MX64 system with paying customers and targets a $200 million Series E round.

Why it matters: - Cornami is trying to move from technology validation to production-scale sales in defense, fintech and enterprise markets. - The company says the leadership changes strengthen its ability to commercialize its morphable silicon platform and accelerate customer deployments. - Cornami is targeting growth in the $604 billion specialized compute market.

What happened: - Cornami named Jan Geldmacher chief executive officer and chairman of the board, effective immediately. - Cornami appointed Dr. Craig Gentry chief scientist. - Cornami appointed Ben Landen vice president of finance and operations. - The announcement was made May 13, 2026, in Campbell, California.

The details: - Geldmacher previously served as operating partner at SoftBank Group International. - Geldmacher was president of Sprint Business through the $23 billion merger with T-Mobile US. - Geldmacher also served as CEO of Vodafone Global Enterprise. - Geldmacher served six years on Cornami’s board before becoming CEO. - Cornami’s Tigris MX64 system is a rack-scale acceleration platform with 64 Tigris chips and 2,048 FracTLcores. - The MX64 system is deployed with paying customers. - Cornami says revenue is ramping toward a $10 million-plus annual recurring revenue target at 70%+ gross margins. - Cornami has raised more than $160 million to date. - Cornami is in the first close of a targeted $200 million Series E round. - Gentry invented fully homomorphic encryption, or FHE. - Gentry holds a PhD from Stanford University and has received the MacArthur Fellowship, the Gödel Prize and the ACM Grace Murray Hopper Award. - Gentry previously worked at IBM Watson Research and Algorand. - Landen has more than 15 years of experience in semiconductor, AI and robotics companies. - Landen previously held leadership roles at Cyngn, DeepScale and Maxim Integrated. - Landen will oversee financial planning, investor relations infrastructure and operational systems for manufacturing expansion. - Cornami’s MX64 system is priced at $500,000 per unit. - Cornami says its Tigris silicon reconfigures at runtime in about one millisecond. - Cornami’s product stack includes custom silicon, system software and cloud-managed deployment. - Cornami’s intellectual property covers morphable compute architecture, FHE acceleration and the FracTL spatial programming model. - Cornami says its investors include SoftBank, Applied Materials, Impact Venture Capital and Octave Ventures. - The company provided a LinkedIn link for more information: Cornami on LinkedIn - The company also directed readers to more information.

Between the lines: - Cornami is adding leaders with enterprise sales, cryptography and operations experience at the same time it is pushing into paid deployments. - Geldmacher’s background in telecom and enterprise accounts suggests Cornami is prioritizing commercial scale and strategic partnerships. - Gentry’s FHE expertise signals continued focus on privacy-preserving compute, a niche where specialized silicon can command premium pricing.

What’s next: - Cornami will continue scaling MX64 deployments with paying customers. - Cornami is pursuing the next close of its Series E financing. - Landen’s operational remit points to more customer rollout and manufacturing support as the company expands.

The bottom line: - Cornami is betting that new executive leadership and a deeper technical bench will help turn its morphable silicon platform into a broader commercial business.