Cast Al Receives $20 Million Investment

Cast Al, a cloud technology company, announced that it has raised $20 million in a Series B investment round. Creandum led this investment round. Cast Al, which combines cloud technologies and artificial intelligence, received $15 million of the $20 million investment from Creandum. The remaining 5 million dollars came from the startup's former investors. The startup will use the new $20 million investment to expand its operations. With the new investment, the startup has received a total investment of 38 million dollars so far.

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Cast Al will Enhance Cloud Infrastructures

Cast Al was founded in 2019 in the United States. The founders of the company are Yuri Frayman, Augustinas Stirbis, Leon Kuperman, Austeja Zymantaite, Vilius Zukauskas and Laurent Gil. The platform developed by the startup increases the efficiency of cloud infrastructures. Thus, cloud infrastructure expenditures are saved.

The platform developed by the startup can be integrated with Azure, AWS and Google Cloud. The basis of the startup's platform is Kubernetes (Cloud Operating System) automation. Computing resources can be analyzed on the platform. It also enables optimization of computing resources. Artificial intelligence technology is used for all these processes. The company provides services to important brands such as Samsung Next, Forbes, Surfshark, Hitachi and Delio.