Nick P Blog

Tag: AI Stock

  • Statsig Raises $100 Million and Hits Unicorn Status at a $1.1 Billion Valuation

    Statsig is a cutting-edge data-driven product development platform that enables teams to produce better solutions more quickly. Statsig gives teams a comprehensive picture of product performance by automatically tracking the impact of each feature release, in contrast to conventional A/B testing tools. Teams may swiftly switch from underperforming features, double down on what works, and identify metric decreases in a matter of hours thanks to the robust product observability tools.

    At a $1.1 billion valuation, Statsig has secured $100 million in Series C funding. ICONIQ Growth led the round, and Sequoia and Madrona, two previous investors, also participated. Statsig intends to use this investment to increase the capabilities of its platform, hire additional staff, and enable more businesses of all kinds to realize the full benefits of data-driven product development.

    Vijaye Raji launched Statsig in 2021, with its headquarters located in Bellevue, Washington, in the United States. The business works in a variety of industries, including as artificial intelligence, gaming, business-to-business software, e-commerce, finance, and government. “In the past, product development was an art form, with innovative engineers and managers using their gut feelings to direct modifications. Today, that just isn’t enough,” stated Vijaye Raji, Statsig’s founder and CEO. By offering a comprehensive platform for data-driven decision-making, we are intensifying our efforts to support every product team in embracing the art and science of creating outstanding products.

  • 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.

  • Runway Raises $308 Million at a $3 Billion Valuation

    Valuation: over 3 billion at 28 April 2025.

    Runway is revolutionizing the future of art, entertainment, and digital storytelling with its cutting-edge AI video platform. Designed for professionals, Runway’s suite of AI-powered tools enables seamless video and image generation, editing, and enhancement—all through simple text commands. By bridging the gap between imagination and execution, Runway empowers artists, filmmakers, and designers with an intuitive, next-generation interface for synthetic media creation.

    In a landmark Series D round led by General Atlantic, Runway secured 308 million, with participation from top−tier investors like Fidelity, BaillieGifford, Nvidia, and SoftBank. This latest funding round catapulted thecompany’s valuation to over 3 billion, bringing its total raised capital to an impressive $536.5 million—a testament to its rapid growth and industry-shaping potential.