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CAST AI Announces Close Of $20M Investment Round Led By Creandum


CAST AI, the intelligent cloud-native automation and cost management startup, has announced the closing of a $20M investment round led by Creandum, an early-stage venture capital investment firm behind companies like Spotify, neo4j, and Klarna. Creandum invested $15M, joining CAST AI’s original lineup of investors which injected an additional $5M, signaling renewed enthusiasm for advanced AI-driven cloud cost optimization solutions.

With this investment, CAST AI is ready to take advantage of the significant opportunity as the market for cloud-native solutions is experiencing hypergrowth and, at the same time, facing the challenge of sustainable cost management. A recent report showed that companies overspend by 60% due to overprovisioning containerized applications.

The CAST AI platform employs AI and automation to analyze compute resources and optimize them in minutes. By connecting their Kubernetes clusters to the platform, organizations can see suggested recommendations and use powerful cloud-native automation techniques for immediate cost reduction.

Recently, the platform has helped the social media unicorn ShareChat, the Adtech company Iterable, and the global mobile analytics leader Branch to start saving millions of dollars annually.

CAST AI positions itself as an all-in-one platform for cloud-native applications. Users can benefit from the full-suite of solutions including cost monitoring, autoscaling, spot instances automation and container security.

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