COMPANY INFO
The company name is Cast AI. It was founded in 2019 by Yuri Frayman, Laurent Gil, and Leon Kuperman. Cast AI is a software development company specializing in an AI-driven Kubernetes automation platform that helps customers reduce cloud costs by over 50% across AWS, Azure, and Google Cloud. The company is headquartered in Miami, Florida, and has approximately 200 to 295 employees. Cast AI's platform automates cloud infrastructure optimization, enabling cloud-native companies to scale performance efficiently and cost-effectively. Their website is https://cast.ai.
Cast AI is a leading software development company founded in 2019 by Yuri Frayman, Leon Kuperman, and Laurent Gil. Specializing in an AI-driven Kubernetes automation platform, Cast AI helps organizations reduce cloud costs by over 50% across AWS, Azure, and Google Cloud. Headquartered in Miami, Florida, with a global presence spanning Bengaluru, Tel Aviv-Yafo, and Vilnius, Cast AI employs around 230 people. The platform automates cloud infrastructure optimization, enabling cloud-native companies to efficiently scale operations while minimizing expenses.
Since its inception, Cast AI has built an impressive funding track record, successfully raising a total of $272 million across 10 funding rounds. The company’s funding journey has been characterized by large, strategically timed Series B and Series C rounds, involving prominent venture capital investors and a growth-focused approach. Cast AI has steadily attracted significant investor interest, reinforcing its reputation as a pioneer in AI-based cloud infrastructure automation and cost management. Their funding strategy places a strong emphasis on innovation, R&D, and expanding their global footprint.
This Series C round was dedicated to accelerating innovation and boosting platform scalability, with major investments from G2VP and SoftBank Vision Fund, enabling Cast AI to further enhance its AI-driven cloud optimization capabilities.
An additional Series C injection, aimed at driving continued growth and supporting aggressive market expansion to solidify Cast AI’s industry leadership.
This Series B round enabled Cast AI to scale up operations, including the hiring of new talent and significant expansions to the platform’s functionality, with backing from Hedosophia and Vintage Investment Partners.
Focused on supporting entry into new cloud verticals and organizational growth, this round was led by Creandum and Cota Capital.
Raised for ongoing operations and iterative product enhancements, helping Cast AI maintain product competitiveness and execution.
Led by Cota Capital, this Series A round facilitated team expansion and an accelerated roadmap for product development.
Seed funding provided the initial capital to develop Cast AI’s core Kubernetes automation technology.
A leading venture capital firm specializing in sustainable digital technologies, G2VP played a crucial role in Cast AI’s Series C round, enabling advancement of platform innovation and strategic growth.
One of the world’s largest technology investors, SoftBank Vision Fund’s involvement in the Series C round attests to their confidence in Cast AI’s AI-powered cloud optimization vision.
A global venture capital and growth equity fund, Vintage Investment Partners contributed to Cast AI’s Series B, supporting ongoing expansion and platform enhancements.
An early-stage venture capital firm, Creandum participated in Series B, providing resources for sector diversification and scaling efforts.
Focuses on tech-forward companies, Cota Capital led Cast AI’s Series A and joined Series B, helping accelerate growth and product-market fit.
A venture capital powerhouse, Hedosophia’s investment in Series B supported Cast AI’s growth initiatives and infrastructure improvements.
Backing the company’s development initiatives, Aglaé Ventures has provided strategic guidance as part of Cast AI’s roster of supporters.
Known for fueling high-growth tech startups, Greenlights Ventures contributed to Cast AI’s capital stack, further solidifying its market trajectory.
An innovative venture capital investor, Uncorrelated Ventures’ backing has increased Cast AI’s financial flexibility to pursue bold product advancements.
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