Posts Tagged ‘CastAI’

Cast AI, the leading Application Performance Automation platform valued at over $1 billion, today announced it has won the European AI Award 2025 in the AI Business category. The award, presented by the European AI Forum (AIEF), recognizes outstanding achievements in AI that are shaping business, science, policy, investment, and ecosystem development across Europe.

Cast AI was honored for its platform that automates AI application performance in Kubernetes environments, delivering significant cost optimization and operational efficiency. The company was one of only three winners selected in the AI Business category, chosen from nominees across the continent for their contributions to economic growth, industrial competitiveness, and societal benefits through AI.

Read full announcement (external link)

Originally published on 2 Feb

Cast AI, a cloud infrastructure automation and cost-optimization company with strong operational roots in Lithuania, has officially reached unicorn status after securing a strategic investment from Pacific Alliance Ventures, the corporate venture capital arm of South Korea’s Shinsegae Group. While the exact investment amount remains undisclosed, the funding round has pushed the company’s valuation beyond USD 1 billion.

This milestone places Cast AI among the world’s elite billion-dollar startups and makes it Lithuania’s fifth unicorn, according to the national startup association Unicorns Lithuania.

Read full announcement (external link)

Originally published on 13 Jan