Company
Date Published
Author
Yuri Frayman
Word count
706
Language
English
Hacker News points
None

Summary

CAST AI has raised $35M in series B funding from Vintage Investment Partners and existing investors, bringing total funding to $73 million. The company aims to deliver a fully automated Kubernetes experience, reducing expenses by automating cloud infrastructure optimization. With the growing demand for AI models demanding GPUs and complex computations, running apps in the cloud has become more expensive. CAST AI's platform uses machine learning to optimize cloud resources, delivering average savings of 50% and more. The company plans to use the new funding to accelerate innovation and save customers even more on their AWS, Azure, and Google Cloud bills.