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Cloud optimization startup Cast AI raises $108 million to achieve ‘almost unicorn’ valuation

  • Cloud optimization startup Cast AI raised $108 million in a Series C round, bringing its total funding to $181 million.
  • The funding was led by G2 Venture Partners and SoftBank Vision Fund 2, putting Cast AI at an 'almost unicorn valuation.'
  • Cast AI specializes in automating deployments of Kubernetes orchestrator to optimize cloud infrastructure, resulting in significant cost savings.
  • The company introduced AI Enabler to optimize GPU usage, which has been well-received by Fortune 500 companies. The CEO mentioned that this funding round might be the last as the company could be profitable already.

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