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.
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.
Yuri Frayman of CAST AI.
