Cast AI secures $108m funding from SoftBank Vision Fund 2, G2 Venture

Miami-based startup to expand cloud automation operations

The company helps businesses reduce cloud costs and improve performance by automating how applications use cloud resources like CPUs and GPUs. © Reuters

May 1, 2025 21:51 JST

(Reuters) -- 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.