Monday, October 25, 2021

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Cast AI: Closes $10M Series A Funding

Cast AI Closes $10M Series A Funding

  • CAST AI™, a Miami, Fla.-based SaaS company specializing in cost optimization for customers running cloud-native applications in AWS, Microsoft Azure and Google Cloud, completed a $10m Series A funding
  • The round was led by Cota Capital, with participation from Samsung Next
  • The company intends to use the funds to advance the development of its CAST AI™ Autonomous Kubernetes cloud management platform
  • CASTAI is the autonomous Kubernetes management platform that cuts cloud bills in half for AWS, GCP and Azure customers
  • The system analyzes millions of data points, always looking for the optimal balance of high performance at the lowest cost
  • The platform delivers a cost-efficient, high-performing, and resilient infrastructure for every Kubernetes workload
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