Cast AI Secures $108M Funding to Expand Cloud Optimization Services

Cast AI, a Miami-based startup specializing in automating cloud infrastructure optimization for AI and Kubernetes workloads, has raised $108 million in a Series C round led by G2 Venture Partners and SoftBank Vision Fund 2, pushing its valuation close to $850-$900 million. The company addresses the pressing issue of underutilized cloud resources—often only 10% of CPUs and 23% of memory are used—by using automated machine learning tools to allocate resources like CPUs, GPUs, and memory more efficiently in real time. This approach helps businesses, including large enterprises such as BMW and FICO, dramatically reduce cloud costs and optimize performance without manual intervention. Cast AI's platform integrates with all major cloud providers and can cut cloud bills by up to half, making it particularly valuable as AI development drives up demand and costs for compute resources. The new funding will fuel global expansion, further R&D, and additional hiring, positioning Cast AI at the center of a market increasingly reliant on efficient cloud resource management. The rapid growth and customer adoption underscore the critical need for automation in managing surging AI and cloud workloads.