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Google, Nvidia Back Startup Focused on AI Chips

The startup helps AI training systems operate more efficiently

CentML raises $27 million from a clutch of investors

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Nvidia Corp. and a Google venture fund have joined a seed round of funding for a startup that helps developers squeeze more computing power out of specialized processors used to train AI, potentially alleviating a major logjam for the burgeoning field.

CentML, which builds software to help machine learning systems work more efficiently, raised $27 million from investors including Gradient Ventures and Radical Ventures. Deloitte Ventures and Thomson Reuters Ventures also took part in the financing, the startup said in a statement.

The Toronto-headquartered startup aims to address one of the biggest bottlenecks in AI development, a shortage of the graphic processor units from Nvidia and its rivals that process the enormous amounts of data required to train and run AI systems. Supply could remain tight well into 2024 as prices skyrocket, analysts predict.

Image: Chips