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 $10 million in Series A funding round 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.
Company: CAST.AI Inc
Round: Series A
Funding Month: October 2021
Lead Investors: Cota Capital
Additional Investors: Samsung Next
Company Website: https://cast.ai/
Software Category: Autonomous Kubernetes cloud management platform
About the Company: Led by Yuri Frayman, co-founder and CEO, CAST AI 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. The company also has a European office in Vilnius, Lithuania. Clients span industries such as e-commerce, adtech, fintech, data analytics, cybersecurity, and SaaS application delivery.