CAST AI

company

About

CAST is an AI-driven cloud optimization platform that slashes cloud cost, optimizes DevOps, and automates disaster prevention.

Details

Last Funding Type
Convertable Note
Last Funding Money Raised
$5.10M
Industries
Artificial Intelligence,Cloud Computing,Cloud Infrastructure,Cloud Management,Cloud Security,Developer Platform,Developer Tools,SaaS
Founded date
Oct 1, 2019
Number Of Employee
11 - 50
Operating Status
Active
Legal Name
CAST AI Inc
Also Known As
Cast.Ai,cast.ai,Cast.ai

CAST AI is a cloud optimization platform that reduces cloud costs, optimizes DevOps, and automates disaster recovery. CAST AI's intelligent optimization engine delivers a cost-efficient, high-performing, and resilient infrastructure for every Kubernetes workload.

CAST AI brings resource and cost optimization to Kubernetes using an AI-driven optimization engine that applies cluster changes based on real-time workload conditions. It selects the most cost-effective instance types and bin-packs pods for maximum utilization. The platform uses spot instances that offer 70 to 90% discounts and are automatically selected for any stateless workloads. CAST AI also sets pod scaling parameters to achieve optimal application performance while maximizing cost savings. Moreover, users get detailed cost reports to enable forecasting expenses at the level of the project, cluster, namespace, and deployment, down to individual microservices.

CAST AI provides an opinionated Kubernetes implementation that hides the infrastructure complexities with automation. So DevOps engineers no longer have to deal with IaaS complexity and can finally focus on higher-order cloud-native abstractions and concepts. They can create and manage CAST AI components through API, CLI, and Terraform to automate their infrastructure lifecycle management. CAST AI also provides services for in-cluster observability (logging, tracing, and metrics) and built-in security (encryption at rest and in transit).

CAST AI protects workloads against downtime with a Disaster Avoidance strategy based on cloud neutrality and multi-cloud capabilities. To achieve 100% uptime, CAST AI adopts the active approach to Disaster Recovery by stretching applications and data across multiple clouds so that a cloud failure never becomes a disaster. Underlying all of our technology is a custom multi-cloud networking layer that makes the magic happen.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
4
$23.10M
CAST AI has raised a total of $23.10M in funding over 2 rounds. Their latest funding was raised on Dec 1, 2022 from a Convertable Note round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Dec 1, 2022 Convertable Note $5.10M 1 Detail
Oct 12, 2021 Series A $10M 3 Cota Capital Detail
Jan 19, 2021 Series Unknown 1 Detail
Nov 17, 2020 Seed $8M 3 Detail

Investors

Number of Lead Investors
Number of Investors
1
7
CAST AI is funded by 7 investors. Cota Capital and SAV (Scale Asia Ventures) are the most recent investors.
Investor Name Lead Investor Funding Round
Cota Capital Yes Series A
SAV (Scale Asia Ventures) Convertable Note
Florida Funders Series A
Samsung NEXT Series A
Tesonet Series Unknown
DNX Ventures Seed
TA Ventures Seed

Employee Profiles

Number of Employee Profiles
11
CAST AI has 11 current employee profiles, including Executive Yuri Frayman
Executive
Executive
Executive
Employee