This AI Startup Wants to Solve the Chip Shortage. Google and Nvidia Are On Board
Oct 26, 2023 - bloomberg.com
Nvidia Corp. and a Google venture fund are among the investors in a seed funding round for CentML, a startup that develops software to enhance the efficiency of machine learning systems. The company, which aims to increase the computing power of specialized processors used in AI training, raised $27 million in the round.
Other participants in the funding round included Gradient Ventures, Radical Ventures, Deloitte Ventures, and Thomson Reuters Ventures. The investment could potentially help to alleviate a significant bottleneck in the rapidly growing field of AI.
Key takeaways:
Nvidia Corp. and a Google venture fund have participated in a seed funding round for startup CentML.
CentML develops software to help machine learning systems work more efficiently.
The startup raised $27 million from investors including Gradient Ventures and Radical Ventures.
Deloitte Ventures and Thomson Reuters Ventures also participated in the financing round.
