Cast AI Raises $108 Million at Around $850 Million Valuation

A business called Cast AI is creating automation solutions to streamline and optimize cloud workloads for demanding jobs like artificial intelligence. Cast AI uses cutting-edge machine learning to automatically analyze and improve Kubernetes clusters in real-time, in contrast to traditional solutions that merely monitor clusters and offer recommendations. As a result, cloud expenses are greatly reduced, performance and security are improved, and DevOps and engineering teams are more productive.

Cast AI is now valued at over $850 million after raising $108 million in a Series C financing sponsored by G2 Venture Partners and SoftBank’s Vision Fund 2.

Augustinas Stirbis, Austeja Zymantaite, Einaras von Gravrock, Laurent Gil, Leon Kuperman, Vilius Zukauskas, and Yuri Frayman launched Cast AI in 2019, with its headquarters located in North Miami Beach, Florida, in the United States.

The business uses well-known cloud platforms including AWS, Google Cloud, and Microsoft Azure to serve clients in a variety of industries throughout the world. According to Yuri Frayman, the CEO and co-founder of Cast, “it’s all about GPU, compute, and electricity.” Our goal is to increase efficiency so that we can support greater workloads on different GPUs. That is the focus of our work.

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