CAST AI, founded in 2019, offers a cloud optimization platform that uses artificial intelligence to analyze multiple data points to find an optimal cost-performance ratio. The platform is claimed to cut cloud bills in half for Amazon Web Services, Google Cloud, and Microsoft Azure customers. Notable customers include Hitachi, Forbes Media, Samsung Next, Snow Commerce, Surfshare, Akamai Technologies, Yotpo, and Delio.
Key takeaways:
- Kubernetes operations and cost management startup CAST AI has raised $35 million in new funding and launched two new features at KubeCon + CloudNativeCon in Chicago.
- The new funding will be used to enhance CAST AI’s Kubernetes cost optimization platform by expanding capabilities, accelerating innovation and improving customer savings and productivity.
- CAST AI's platform uses artificial intelligence to analyze multiple data points to find an optimal cost-performance ratio, optimizing them in minutes. Notable customers include Hitachi Ltd., Forbes Media LLC, Samsung Next LLC, and others.
- Along with its new funding, CAST AI announced two new features, Workload Rightsizing and PrecisionPack, that it says advance its Kubernetes cost optimization platform and signal a stride toward a fully automated Kubernetes environment.