Tech Company Financing Transactions
Cast AI Funding Round
Cast AI secured a $35 million Series B venture capital round on 11/7/2023. Investors included Vintage Investment Partners, Creandum and Uncorrelated.
Transaction Overview
Company Name
Announced On
11/7/2023
Transaction Type
Venture Equity
Amount
$35,000,000
Round
Series B
Investors
Proceeds Purpose
CAST AI is a cloud optimization platform that reduces cloud costs, optimizes DevOps, and automates disaster recovery. CAST AI's intelligent optimization engine delivers a cost-efficient, high-performing, and resilient infrastructure for every Kubernetes workload.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
111 NE 1st Street, 8th Floor #1041
Miami, FL 33132
USA
Miami, FL 33132
USA
Phone
Undisclosed
Website
Email Address
Overview
CAST AI is the leading all-in-one platform for Kubernetes automation, optimization, security and cost management. We started CAST AI out of personal frustration. We had just sold our previous startup (Zenedge, acquired by Oracle in 2018), and one of the aspects of that business was the massive growth of our cloud bill.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Yuri Frayman
Co-Founder
Gil Alessi
Co-Founder
Leonid Kuperman
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Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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