Cast AI, a Miami, Florida-based technology company that provides a Kubernetes automation platform, has raised $108 million in Series C funding.
Investors
The round was led by G2 Venture Partners and SoftBank Vision Fund 2, with participation from Aglaé Ventures, Hedosophia, Cota Capital, Vintage Investment Partners, Creandum, and Uncorrelated Ventures.
G2 Venture Partners (G2VP) is a venture and growth capital firm based in Portola Valley, California. Founded in 2017, G2VP focuses on growth-stage investments (Series B to D) in transportation, energy, manufacturing, agriculture, logistics, and supply chain sectors.
SoftBank Vision Fund 2, established in 2019 by SoftBank Group, is a venture capital fund that invests in technology companies that focus on artificial intelligence (AI) and related innovations.
Cast AI Use of Funds
The company will use the funding to expand its application performance automation platform, support global growth, and accelerate product development to optimize cloud operations.
About Cast AI
Founded in 2019 by Yuri Frayman, Leon Kuperman, and Laurent Gil, Cast AI specializes in application performance automation for Kubernetes workloads. Its platform automates key tasks such as autoscaling, rightsizing, bin-packing, spot instance automation, and instance type selection. These capabilities help organizations reduce cloud costs and enhance performance across major cloud providers including AWS, Google Cloud, and Microsoft Azure. Headquartered in Miami, Florida, Cast AI serves over 2,100 organizations, including Akamai, BMW, FICO, Hugging Face, NielsenIQ, and Swisscom.
Funding Details
Company: Cast AI Group Inc.
Raised: $108.0M
Round: Series C
Funding Date: April 2025
Lead Investors: G2 Venture Partners, SoftBank Vision Fund 2
Additional Investors: Aglaé Ventures, Hedosophia, Cota Capital, Vintage Investment Partners, Creandum, Uncorrelated Ventures
Company Website: https://www.cast.ai/
Software Category: Kubernetes Automation / Cloud Cost Management
Source: https://cast.ai/press-release/cast-ai-closes-108m-series-c-round/