We are delighted to announce that our portfolio company Cast AI, cloud optimization and management platform, raised $10M in Series A funding led by Cota Capital, with Samsung Next and additional investors participating. The funding will be put toward expanding its sales team and further developing its AI-powered platform.

Based in Miami, Florida, and founded in 2019, Cast leverages AI trained on millions of data points to balance cloud performance and cost. Supporting Amazon Web Services, Google Cloud Platform, and Microsoft Azure, the platform connects to existing clouds and generates a report to identify cost-saving opportunities.

Cast, which has raised $18M in venture capital to date, has a workforce of 52 employees and plans to have at least 80 employees by the end of the year.