Cast AI, a startup focusing on artificial intelligence solutions that integrate cloud technologies, has announced that it has received a new investment. According to information shared by Cast AI, the company received $20 million in a Series B investment round.
The $20 million investment round for Cast AI was led by Creandum. Creandum participated in the $20 million investment round with $15 million. The remaining $5 million investment came from the company’s existing investors. According to information shared by Cast AI, the new $20 million investment will be used to expand the company’s operations.
With the new $20 million investment, Cast AI’s total investment to date has reached $38 million. It should be noted that Cast AI last received $10 million in investment led by Cota Capital in October 2021.
Cast AI, founded in the United States in 2019 by Augustinas Stirbis, Austeja Zymantaite, Laurent Gil, Leon Kuperman, Vilius Zukauskas, and Yuri Frayman, provides a platform that allows customers to operate their cloud infrastructure more efficiently. The company also focuses on helping its customers save on their cloud infrastructure expenses, and is integrated with AWS, Google Cloud, and Azure. Built on the Kubernetes automation platform, Cast AI leverages artificial intelligence technology to analyze and quickly optimize computing resources. According to Cast AI, its customers include major brands such as Hitachi, Forbes, Delio, Surfshark, and Samsung Next.