Cast AI recently secured $35 million in a Series B funding round . This funding brings Cast AI's total raised capital to $73 million and will be utilized for product development and expanding its team. Cast AI's platform helps businesses optimize cloud usage, reduce costs, enhance performance, and boost DevOps and engineering productivity.

‍

Cast AI's platform is designed to automatically adjust cloud usage while optimizing costs and providing insights into the provisioning of cloud resources, particularly Kubernetes clusters, across public cloud providers like Google Cloud Platform,. By analyzing millions of utilization data points, Cast AI can predict lower future compute prices, allowing for proactive cost optimization.

‍

While there is increasing competition in the FinOps space, Cast AI believes that the demand for such solutions is outpacing supply, especially as enterprises prioritize FinOps investments in managing their cloud expenses. Ultimately, Cast AI aims to provide an unbiased source of cost savings for its customers, regardless of which cloud provider they use, focusing on delivering value to its users in an increasingly cloud-native world.