Cast AI secures $108 million funding to expand cloud automation

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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 Aglae 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.

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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 Aglae 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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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