Cast AI raises $ 108 million to remove the maximum artificial intelligence, kubernetes and others

The traffic crushing in training and artificial intelligence quickly turned into a large headache and resources for institutions. today, Make artificial intelligence The startup construction tools are to mitigate and improve Amnesty International and other work burdens with automation – A large round of funding against the background of its strong growth and partnerships with the main players in space.

The company raised $ 108 million – the C Series that it will use both for further research and development as well as to expand its business in basic markets such as the United States, as well as anywhere else. We understand from sources that the tour puts the company after the money in the evaluation of “near Unicorn”-approximately $ 900 million, which I understand.

“It is all about the treatment of GPU, the account and electricity,” said Yuri Fraiman, CEO of Cast and co -founder. “Our play is to ensure that we create efficiency, to be able to promote more work burdens through graphics processing units. This is what we are.”

(To put this evaluation in some context, when the financing collected last financing, $ 35 million, in November 2023Its value of $ 300 million after money, each Pitchbook Data. The start starting before this last round raised a little more than $ 86 million.)

Cast AI is officially located in Miami, Florida, but “is located in a great place in Europe” and is described as a “European company” by Frayman, with most of its development from Lithuania, as well as Poland, Romania and Bulgaria.

It has collected 2,100 customers in the past three years of work. Companies like Akamai, BMW, Fico, Hugingface, Nielseni and Swisscom are among those who use their technology to analyze the organization’s cloud and local cloud, to find the optimal cost rate on how to distribute an account burden through it. Frayman says it integrates with all major cloud service providers and anything else that the customer might use.

As companies face a lack of processors to train and operate artificial intelligence models, the need to customize the best resources is a strong one. He casts, citing her Private researchIt claims that on average, only 10 % of the central processing units and 23 % of the memory are used, and it ends up using GPU.

This series C – both in size and participants – confirms what is working on, and those who work with it.

Participate in the G2 Venture Partners and SoftBank Vision Fund 2 in the tour, with Aglaé Ventures (Chairman and CEO of Bernard Arnault), former supporters Hedosophia, Cota Capital, Cota Investment Partners and Creandum Kreandum, and also unrelated projects.

It is worth noting that Frayman indicated that the engraved tour puts the company in the same stable wallet as Openai and the CRUSOE ENERGY infrastructure – with Softbank, Oracle and others, they work on the huge. Stargate Amnesty International’s infrastructure from Frayman, USA, said that his company is calculating a number of these companies as partners and customers already.

He said: “We participate with Crusoe, where we are in their group, and we are cooperating with Softbank to be able to facilitate efficiency in their AI data centers,” adding that it is part of the big project between Openai and Softbank Building services in Japan. He added: “We are cooperating with the entire ecosystem.”

Cast AI speaks and does a lot with artificial intelligence these days, but this was not exactly where the company started. Frayman, born in Ukraine, who founded the company with Lyon Cobman and Laurent Jill in 2019, began his career before transferring to the development of software.

In 2006, he and a generation built what Lee Fraiman described as one of the “first emerging companies in the field of automatic learning” – Viewdle. There they build some of the first applications of the use of NVIDIA graphics processing units to train their works on searches for images. “This is the extent that we go with regard to understanding the power of machine learning,” he said.

This company will be obtained at the end by Google.

Along with Kuperman, the three founders later worked on the start of the cybersecurity -based security group, ZenedgeWhich was an inspiration for broadcasting: There, they struggled to maintain the costs of the cloud under control while expanding its scope. (Zenedge was finally obtained by Oracle.)

The first state of use came out for its experience with this conflict in resources, and while it has always had “artificial intelligence” in its name and spirit, it was about its application, specifically cloud use and allocating the burdens of Kubernetes work.

Fraiman said that the requests of Kubernetes are still in the heart of the actors, whether in terms of revenues or spirit. (And if you go to its location, this is the prominent correspondence there too. and Investors.

“Cast AI sets a new standard for cloud efficiency as infrastructure requirements increase,” said Tim Yap, investment manager at SoftBank Investment Advisers.

“For the current time in the world, everyone talks about artificial intelligence agents,” said Crendum’s general partner at Crendum. “The representatives of Amnesty International before we started talking about this technology, as you know. They have built this type of automation for a long time.”