Cast AI Raises $108 Million To Get The Most Out Of AI, Kubernetes, And More

The crush of traffic going into training and running AI has quickly turned into a major cost and resource headache for organizations. Today, Cast AI, a startup building tools to ease and optimize workloads for AI and other tasks with automation, is raising a major round of funding on the back of strong growth and partnerships with major players in the space.The company has raised a $108 million Series C that it will be using for more R&D and to expand its business in core markets like the U.S. and elsewhere. Sources familiar with the deal told TechCrunch that the round has the company at near unicorn valuation, post-money — close to $900 million from what I understand.It’s all about GPU, compute, and electricity, said Yuri Frayman, Cast’s CEO and co-founder. Our play is to ensure that we create efficiency, to be able to promote more workloads across GPUs. That is what we are about.For context, when Cast last raised capital, $35 million in November 2023, it was valued at $300 million post-money, per PitchBook. Prior to this latest round, the startup had raised just over $86 million. Cast AI is based out of Miami, Florida, but is heavily situated in Europe, and Frayman describes it as a European company, with most of its development done in Lithuania, Poland, Romania, and Bulgaria.It has amassed 2,100 customers in the last three years of business. Companies like Akamai, BMW, FICO, Hugging Face, NielsenIQ, and Swisscom are among those using its technology to analyze cloud and on-premise capacity and find the optimal cost-performance ratio for distributing compute workloads across them. Frayman says it integrates with all major cloud providers and anything else that a customer may be using.More on Cast AI’s fundraising and efficiency on TechCrunchAgentic AI for the Enterprise | Inbound and Outbound AI Voice AgentsI’ve partnered with DBC Technologies and I am now consulting with companies who are interested in automating inbound and outbound messaging with AI Voice Agents.I interviewed DBC Technologies Founder and CEO, Dennis Wilson last week for an episode of the (A)bsolutely (I)ncredible Podcast, watch to learn more about AI voice.Watch the interview with DBC Technologies’ Founder, Dennis Wilson on YouTubeWeb AI Chatbots, Inbound / Outbound AI Voice Agents, AI Marketing & ConsultingIf you are interested in AI Voice Agents for your business or organization message me.Thats all for today, but AI is moving fast - subscribe and follow for more Neural News. Get full access to Neural News Network at remunerationlabs.substack.com/subscribe