Cast AI, a Miami, Florida–based application performance automation platform, has secured a strategic investment, bringing its valuation above $1 billion.
Investors
The investment was made by Pacific Alliance Ventures, a corporate venture capital arm of South Korea’s Shinsegae Group, based in Los Angeles, California. It invests in high-growth and emerging technology companies, providing both capital and strategic support that aligns with Shinsegae’s business interests. Formed in 2024, PAV focuses on early to growth-stage investments, particularly in digital, retail, and technology sectors
Cast AI Use of Funds
The investment will support the global scaling of Cast AI’s platform, expansion of the OMNI Compute GPU marketplace, and continued development of its application performance automation capabilities.
About Cast AI
Cast AI is an application performance automation platform designed to operate cloud-native and AI workloads at scale. It enables enterprises to automatically optimize infrastructure and workloads across multiple cloud providers and regions. Its OMNI Compute marketplace allows organizations to access GPU resources seamlessly, without code changes. Cast AI’s platform is used by global organizations such as Akamai, BMW, Cisco, FICO, HuggingFace, NielsenIQ, and Swisscom. The company has expanded globally, with offices and subsidiaries across North America, Europe, and Asia.
Funding Details
Company: CAST AI Group Inc.
Raised: Undisclosed
Round: Strategic Investment
Funding Date: January 2026
Lead Investor: Pacific Alliance Ventures
Additional Investors:
Company Website: https://cast.ai/
Software Category: Cloud Infrastructure / AI Compute Automation
Source: https://www.businesswire.com/news/home/20260112261202/en/