Latest news with #CastAI
Techday NZ
30-05-2025
- Business
- Techday NZ
Cast AI unveils Database Optimizer to boost cloud efficiency
Cast AI has announced the launch of its Database Optimizer (DBO), an autonomous caching solution designed to improve performance and efficiency for cloud-hosted databases. The Database Optimizer offers a fully automated, plug-and-play caching layer that does not require application changes or manual intervention, according to Cast AI. The solution is aimed at simplifying database operations, specifically for DevOps teams, platform engineers and cloud database administrators who often face challenges with traditional, labour-intensive caching solutions. Dekel Shavit, Senior Director of Cloud Engineering at Akamai, commented on the product's approach, stating, "Autonomous caching is one of the most effective ways to optimize read-heavy workloads, and Cast AI's approach is brilliantly executed. DBO removes the need for manual tuning while delivering real-time performance gains and cost reductions. It's a strong addition to the Cast AI platform." According to Cast AI, the DBO agent automatically analyses data queries to detect repeat patterns and delivers instant cached responses, leading to a substantial reduction in load on primary databases. The company reports that this can result in a reduction of up to 90% of customer database hits, allowing organisations to downscale database resources and eliminate the need for read replicas. All of these optimisations can be achieved without code changes, manual cache management or other engineering overhead. Key features highlighted by the company include simplified database optimisation through actionable insights and turnkey deployment, a claimed tenfold performance improvement due to near-instant data delivery, and the capability to automate cache management in a no-code fashion. Julius á Rógvi Biskopstø, Chief Technology Officer and Co-founder at Flowcore, described the practical benefits observed from adopting Cast AI's DBO, saying, "One of the toughest challenges with database caching—especially in distributed systems like ours—is cache invalidation. But with Cast AI's DBO, it just works right out of the box. Our workloads are highly cacheable because we separate reads from writes, so integrating with the write channels was straightforward—even in clustering mode." Biskopstø continued, "We're now seeing cache hit rates of 80–90%, which is outstanding. On I/O-bound servers, cutting database hits by 90% has a huge impact—it saves money and significantly improves performance. Our services were already pretty fast, but DBO shaved off an additional 100 milliseconds, which makes a noticeable difference. If you're thinking about adding a cache, DBO is an easy choice." Laurent Gil, Co-founder and President at Cast AI, stated that DBO is designed to make database operations more efficient and cost-effective. Gil said, "Databases are one of the most expensive components in the cloud. It was a natural addition to our Application Performance Automation platform. Our DBO agent increases performance and reduces cost by caching any queries for which it detects a repeat pattern., DBO radically simplifies caching, slashes expenses, and requires no changes to how your apps are built. APA is the future of autonomous computing —high performance, zero overhead." The Database Optimizer is positioned by Cast AI as part of its broader Application Performance Automation platform, which leverages machine learning algorithms to automate cloud resource optimisation, cost management and performance enhancement.
Yahoo
01-05-2025
- Business
- Yahoo
Cast AI rakes in $108m in Series C round
Cast AI, an application performance automation (APA) platform, has raised $108m in its Series C funding round to expand cloud automation to more markets. The over oversubscribed round was led by G2 Venture Partners and SoftBank Vision Fund 2. It saw participation from Aglaé Ventures and existing partners Cota Capital, plus Hedosophia, Vintage Investment Partners, Creandum, and Uncorrelated Ventures. By leveraging machine learning algorithms, Cast AI provides real-time analysis and optimisation of clusters, which helps to reduce cloud expenses, secure Kubernetes applications, and enhance DevOps productivity. The latest funding round has propelled the company's valuation to $850m, reported Reuters. Cast AI plans to use the proceeds for enhancing automation platforms and expanding operations. Cast AI CEO and co-founder Yuri Frayman said: 'APA didn't exist five years ago, because we hadn't invented it yet. 'This round fuels our continued expansion of a category we created, and pushes the boundaries of what is possible in cloud automation.' Cast AI CTO and co-founder Leon Kuperman said: 'Enterprises are no longer satisfied with static dashboards and manual tuning knobs. 'They want automation that works out of the box, improves performance continuously, and gets smarter over time. APA is the answer, and this funding enables us to accelerate that promise globally.' Cast AI's platform is designed to help businesses minimise cloud costs and optimise performance by automating the utilisation of cloud resources, including CPUs and GPUs. The company has a global customer base of 2,100 companies, with clients such as Akamai, BMW, FICO, and HuggingFace. Cast AI president and co-founder Laurent Gil said: 'Cast AI now enables the instant deployment of hyper-efficient GPU instances in Kubernetes clusters. As the go-to platform for running AI workloads efficiently, we are committed to driving innovation and helping our clients unlock the full potential of AI. 'We are excited to partner with SoftBank, a company that shares our vision of transforming how businesses harness the power of AI.' "Cast AI rakes in $108m in Series C round" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Nikkei Asia
01-05-2025
- Business
- Nikkei Asia
Cast AI secures $108m funding from SoftBank Vision Fund 2, G2 Venture
(Reuters) -- Cast AI, a Miami-based startup that helps businesses automate cloud infrastructure management, said on Wednesday it has raised $108 million in a late-stage funding round led by G2 Venture Partners and SoftBank Vision Fund 2. The oversubscribed round, which also saw participation from existing investors such as Aglae Ventures, valued the company at $850 million, a person familiar with the matter said.
Time of India
30-04-2025
- Business
- Time of India
Cast AI secures $108 million funding to expand cloud automation
The oversubscribed round, which also saw participation from existing investors such as Aglae Ventures, valued the company at $850 million, a person familiar with the matter said. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Cast AI, a Miami-based startup that helps businesses automate cloud infrastructure management, said on Wednesday it has raised $108 million in a late-stage funding round led by G2 Venture Partners and SoftBank Vision Fund oversubscribed round, which also saw participation from existing investors such as Aglae Ventures, valued the company at $850 million, a person familiar with the matter brings Cast AI's total funding to over $180 million, as it looks to expand to more markets and cater to growing company helps businesses reduce cloud costs and improve performance by automating how applications use cloud resources like CPUs and AI said demand is rising quickly as more organizations adopt AI tools and struggle with the high cost of cloud computing."Reducing costs is key. But it's not just about costs-it's about automatically finding the right models and availability of GPUs and CPUs, maintaining performance and cutting costs," Cast AI founder Laurent Gil told Reuters."Over the past six months, we have seen a major acceleration in demand for Kubernetes automation as AI adoption surged."Kubernetes is an open-source tool that helps manage apps on the AI counts 2,100 companies around the world as customers and some large clients include Akamai, German automaker BMW, FICO and company said the new funding will be used to expand its automation platform, hire more talent and reach more global new backers, including SoftBank and G2, also invest in AI companies such as OpenAI and Crusoe Energy Systems. The ChatGPT creator, SoftBank and cloud firm Oracle are key partners behind the $500 billion Stargate project to build several data centers in the United States.
The Star
30-04-2025
- Business
- The Star
Cast AI secures $108 million funding to expand cloud automation
People walk behind the logo of SoftBank Corp in Tokyo December 18, 2014. REUTERS/Toru Hanai/File Photo TPX IMAGES OF THE DAY (Reuters) -Cast AI, a Miami-based startup that helps businesses automate cloud infrastructure management, said on Wednesday it has raised $108 million in a late-stage funding round led by G2 Venture Partners and SoftBank Vision Fund 2. The oversubscribed round, which also saw participation from existing investors such as Aglaé Ventures, valued the company at $850 million, a person familiar with the matter said. This brings Cast AI's total funding to over $180 million, as it looks to expand to more markets and cater to growing demand. The company helps businesses reduce cloud costs and improve performance by automating how applications use cloud resources like CPUs and GPUs. Cast AI said demand is rising quickly as more organizations adopt AI tools and struggle with the high cost of cloud computing. "Reducing costs is key. But it's not just about costs—it's about automatically finding the right models and availability of GPUs and CPUs, maintaining performance and cutting costs," Cast AI founder Laurent Gil told Reuters. "Over the past six months, we have seen a major acceleration in demand for Kubernetes automation as AI adoption surged." Kubernetes is an open-source tool that helps manage apps on the cloud. Cast AI counts 2,100 companies around the world as customers and some large clients include Akamai, German automaker BMW, FICO and HuggingFace. The company said the new funding will be used to expand its automation platform, hire more talent and reach more global customers. Its new backers, including SoftBank and G2, also invest in AI companies such as OpenAI and Crusoe Energy Systems. The ChatGPT creator, SoftBank and cloud firm Oracle are key partners behind the $500 billion Stargate project to build several data centers in the United States. (Reporting by Akash Sriram in Bengaluru; Editing by Krishna Chandra Eluri)
