Decoder.ca

Canadian Tech in 100 Words

CentML

Toronto’s CentML Acquired by Chip Giant Nvidia

by

American semiconductor titan Nvidia has acquired Toronto’s CentML, a machine learning and AI startup, for an undisclosed sum. Founded by Gennady Pekhimenko, Akbar Nurlybayev, and Sam Wang, CentML specialized in optimizing hardware for ML performance. The co-founders now join Nvidia in senior roles.

CentML’s federal registration ceased June 6, 2025, transitioning operations to British Columbia before ending completely by July 17. The Logic first reported the deal, later confirmed by the Vector Institute. Not all staff will join Nvidia. The acquisition follows AMD’s purchase of Untether AI, highlighting a trend of Canadian AI talent shifting southward.

Want to know more? Check out the source code on BetaKit.

AI Startup CentML Raises $37 Million to Tackle AI Chip Shortage

by

Toronto’s CentML, a promising AI startup, announced today that it secured $37 million in additional funding. The funds will be used to enhance product development and expand their team.

The company focuses on addressing challenges posed by rising machine learning costs and the AI chip shortage. CentML’s optimization technology can reduce AI model expenses by up to 80% without sacrificing speed or accuracy.

The startup’s approach includes identifying bottlenecks in model training, predicting deployment costs, and providing an efficient compiler. This innovation is timely, as AI-focused chip spending is expected to double in the next four years.

Want to know more? Check out the source code on TechCrunch.