Nvidia(NVDA, Financial) snaps up Canadian AI optimizer CentML, folding its talent and tech into its software ranks as the chipmaker extends its lead—and eyes a $5 trillion market cap.
The Logic reports that Nvidia has acquired Toronto-based CentML, bringing onboard CEO Gennady Pekhimenko as a senior AI software director and transitioning other founders and at least 15 engineers into new roles.
CentML will cease operations on July 17, after raising roughly $30.9 million in venture funding. The purchase follows Nvidia's prior backing of CentML in its $27 million seed round and the startup's participation in Nvidia's accelerator program.
CentML's compiler and optimization tools slotted neatly between AI models and GPU hardware, squeezing extra performance and cost efficiency out of existing chips. By integrating this IP and engineering team directly into its software arm, Nvidia can enhance its software stack—fuelling broader adoption of its GPUs and reinforcing its end-to-end AI ecosystem.
With NVDA up about 17% year-to-date and Wedbush projecting a run toward $5 trillion in market value over the next 18 months, this bolt-on deal underscores Nvidia's strategy of buying both capabilities and people to stay ahead in the AI arms race.
