Cast AI Group Inc., a startup that specializes in optimizing the efficiency of cloud-native environments, today announced it raised new funding from Pacific Alliance Ventures, surpassing a $1 billion valuation, to launch a unified cloud graphics processing unit marketplace.
Following last year’s $108 million Series C round led by G2 Venture Partners and SoftBank Vision Fund 2, the funds raised by the company total over $180 million. Cast AI did not reveal how much it raised in today’s strategic funding deal.
Founded in 2019, Cast AI provides performance automation using machine learning to automatically optimize Kubernetes environments in the cloud for cost savings and security by “right-sizing” resources, autoscaling and managing spot instances. This allows companies to use cloud infrastructure more efficiently for operations such as FinOps and cloud engineering.
“Enterprises don’t just need cheaper infrastructure – they need infrastructure that adapts automatically as workloads and constraints change,” said Cast AI co-founder and Chief Executive Yuri Frayman. “That is what our automation agents were built to do, and this investment helps us scale that globally.”
With this funding, the company is expanding its product portfolio with Omni Compute, a capability that connects to external capacity, including GPUs, as native compute. This allows workloads to run on the most appropriate resources, either locally or across clouds, without requiring code changes or reconfiguration.
With this new product, organizations may run workloads, beginning with AI inference, without cloud lock-in and still control where they execute. This will enable them to scale across regions without needing to specify providers, while still maintaining infrastructure predictability, sovereignty and compliance.
Cast AI said its abstraction platform player will apply the same optimization across external capacity, including GPU sharing, monitoring and rightsizing, ensuring AI workloads remain efficient and consistent at scale.
“Omni Compute makes GPUs fungible at the infrastructure layer so capacity isn’t trapped inside a single cloud or region,” said co-founder and President Laurent Gil.
Oracle Corp. joined Omni Compute as the first major cloud provider to make excess GPU capacity available through Cast AI customers.
“Omni Compute removes the barriers that traditionally kept enterprises locked into a single cloud and it allows them to tap into Oracle Cloud Infrastructure’s high-performance GPU fleet the moment they need it,” said Karan Batta, senior vice president of Oracle Cloud Infrastructure. “This is a step-change in how global AI platforms will deploy and scale.”
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