Latest news with #LaurentGil
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)
CNA
30-04-2025
- Business
- CNA
Cast AI secures $108 million funding to expand cloud automation
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.
Yahoo
30-04-2025
- Business
- Yahoo
Cast AI secures $108 million funding to expand cloud automation
By Akash Sriram (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.
Reuters
30-04-2025
- Business
- Reuters
Cast AI secures $108 million funding to expand cloud automation
April 30 (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 (AKAM.O), opens new tab, German automaker BMW ( opens new tab, FICO (FICO.N), opens new tab 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 (9984.T), opens new tab and cloud firm Oracle (ORCL.N), opens new tab are key partners behind the $500 billion Stargate project to build several data centers in the United States.
