English

2,100 Customers in 3 Years: Cast AI Closes a $108 Million Series C Round to Propel the Future of Application Performance Automation

April 30, 2025
2,100 Customers in 3 Years: Cast AI Closes a $108 Million Series C Round to Propel the Future of Application Performance Automation

Cast AI, the leading Kubernetes automation platform, announced today that it has closed a $108 million Series C round led by G2 Venture Partners and SoftBank Vision Fund 2, with participation from Aglaé Ventures—the venture investment company of Bernard Arnault, the chairman and CEO of LVMH—joining alongside existing partners Hedosophia, Cota Capital, Vintage Investment Partners, Creandum, and Uncorrelated Ventures. The oversubscribed round drew participation from top-tier investors that previously backed AI leaders OpenAI and Crusoe, with a substantial valuation step-up driven by Cast’s rapid revenue growth and increased product demand.

Cast AI started by redefining Kubernetes automation—now it is transforming the entire cloud operations landscape. By introducing Application Performance Automation (APA), Cast goes beyond observability, turning performance signals into real-time, automated actions that optimize cost, security, and speed across any cloud.

Cast’s relentless innovation has fueled significant growth across all geographies, industries, and segments, with the company doubling its customer base between 2023 and 2024. Today, Cast is trusted by over 2,100 organizations, including Akamai, BMW, FICO, HuggingFace, NielsenIQ, and Swisscom. Cast also expanded its global presence by opening its India and Singapore offices and was named an IDC Innovator and G2 Cloud Cost Management leader.

According to the Cast 2025 Kubernetes Cost Benchmark Report, only 10% of CPUs and 23% of memory are utilized. Complex, manual capacity planning leaves most resources idle, precisely the problem APA eliminates. These findings underscore the tremendous opportunity ahead of the company. Cast will use its latest round of funding to expand its APA platform’s capabilities, grow its global footprint, and deliver even greater value to customers.

Supporting Quotes:

  • “APA didn’t exist five years ago, because we hadn’t invented it yet,” said Yuri Frayman, CEO and co-founder of Cast AI. “This round fuels our continued expansion of a category we created, and pushes the boundaries of what is possible in cloud automation.”

  • “Enterprises are no longer satisfied with static dashboards and manual tuning knobs,” said Leon Kuperman, CTO and co-founder of Cast AI. “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 is setting a new standard for cloud efficiency at a time when infrastructure demands are surging,” said Tim Yap, Investment Director at SoftBank Investment Advisers. “We are excited to support their mission as they automate and accelerate how AI workloads are deployed at scale.”

  • “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,” said Laurent Gil, president and co-founder of Cast AI. 

  • “Cast AI plays an absolutely essential role in the modern cloud stack,” said Jake Tauscher, partner at G2 Venture Partners. “The company’s unmatched automation capabilities not only deliver significant cost savings for customers, but also increase the reliability and productivity of applications, minimize the environmental footprint of data centers, and free DevOps engineers to focus on more strategic, value-accretive tasks. Those values make it an essential partner to enterprises.” 

About Cast AI

Cast AI is the leading Application Performance Automation platform. Unlike traditional solutions that merely monitor clusters and provide recommendations, Cast AI leverages advanced machine learning algorithms to continuously analyze and automatically optimize clusters in real-time, cutting cloud costs, securing Kubernetes applications, and boosting DevOps efficiency.

News

Startup, join us!
We invite Lithuanian startups to join us and grow together the whole ecosystem!
Become a member

This website uses cookies. Learn more

Agree with all cookies