Press release

CAST AI Among 2022 CB Insights’ List of 100 Most Promising AI Startups

May 25, 2022

CB Insights included CAST AI – the Kubernetes automation and cost-optimization platform – in AI 100, its annual list of the 100 most innovative private artificial intelligence companies.

2022 sees the sixth edition of CB Insights’s initiative recognizing the world’s most promising private artificial intelligence companies. Since 2017, the AI 100 cohort has raised $12 billion+ from 650 investors across 300+ equity deals. This year’s edition spans companies operating in 13 industries, from recycling plastic waste to improving hearing aids. 

The research team behind the ranking picked the 100 private companies from a pool of over 7,000 vendors. The shortlist is based on factors such as R&D activity, market potential, business relationships, investor profiles, competitive landscape, and tech novelty. The research team also reviewed analyst briefings from applicants.

Last year’s AI 100 companies had a remarkable run, raising more than $6 billion, including 20 mega-rounds worth more than $100 million each. We’re excited to watch the companies on this year’s list continue to grow and create products and services that meaningfully impact the world around them,” said Brian Lee, SVP of CB Insights’ Intelligence Unit.

“The idea behind CAST AI stems from sheer frustration of dealing with soaring cloud costs and the opportunity to solve the problem with machine learning and automation. After a few years of hard work, we have been listed among the world’s top AI businesses, including 16 companies with $1 billion+ valuations. As a Co-Founder and CEO, I couldn’t be prouder of our team.” commented Yuri Frayman of CAST AI.

About CAST AI:

CAST AI is a cloud optimization platform that cuts cloud bills in half for AWS, GCP, and Azure customers. Powered by AI, it analyzes multiple data points to find an optimal cost-performance ratio. The platform delivers a cost-efficient, high-performing, and resilient infrastructure for all types of Kubernetes workloads. Headquartered in Miami, US, CAST AI has a European branch in Vilnius, Lithuania.

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Recognized by the world’s greatest brands

The premise behind CAST AI is there is huge potential to reduce public cloud costs by using tools that can analyze cloud spending and suggest ways to optimize the cost, including finding cutting-edge cloud processing instances that may be offered below market rates.

CAST AI takes advantage of cloud-native technologies, containerization and Kubernetes to break the proprietary barriers that exist between clouds

The good thing about using AI in cloud automation is that it can make decisions based on somewhat correlated variables with a limited amount of information.

Cloud automation solutions reduce or eliminate all the manual effort your team invests into configuring virtual machines, creating VM clusters, setting up virtual networks and more.