The CAST AI startup has attracted $20 million of investments. The founder of CAST AI has secured $20 million in investment from various sources including the CREANDUM fund.
Company’s client base includes ShareChat, Iterable, and Branch, a global leader in mobile analytics. CAST AI claims that since its inception, the platform has experienced over 220% quarterly revenue growth.
CAST AI is a startup that focuses on developing a platform utilizing artificial intelligence and automation to optimize computing resources of companies. By connecting Kubernetes clusters to the platform, organizations can receive suggested recommendations and utilize cloud-based automation to reduce costs, — Inventure reports.
Freiman, a serial entrepreneur, was also the creator of Viewdle, a previous startup that was acquired by Google in 2012. He currently resides in Miami and is the CEO of CAST AI. According to reports, CREANDUM invested $15 million, with the remaining $5 million coming from previous CAST AI investors. CAST AI has raised a total of $38 million from investors such as Creandum, Cota Capital, and Uncorrelated Ventures.
Freiman mentioned that Cast AI will invest the newly received funds in expanding the team and developing the product, — Vector media reports.
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