“It’s all about GPU, compute, and electricity,” said Yuri Frayman, co-founder and CEO of Cast AI. “Our play is to ensure that we create efficiency, to be able to promote more workloads across GPUs. That is what we are about.”
Cast AI, a startup focused on optimizing cloud and AI infrastructure through Kubernetes automation, has raised $108 million in a Series C round. The funding is being used for further research and development and expansion into core markets, including the United States and Asia. The company now holds a post-money valuation close to $900 million, according to sources cited by TechCrunch.
The round was co-led by G2 Venture Partners and SoftBank Vision Fund 2. New investor Aglaé Ventures, backed by LVMH chairman and CEO Bernard Arnault, also participated,
Cast AI Nears Unicorn Status with New Backing from SoftBank and G2
- By Anshika Mathews
- Published on
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