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.