Cloud Startup Cast AI Gets $108 Million in SoftBank-Led Round
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Cast AI, a company that lets businesses reduce their cloud computing costs, has raise $108 million in a fundraising round led by G2 Venture Partners and SoftBank’s Vision Fund 2. A person familiar with the matter said the round would give the company a valuation of $850 million.
Aglaé Ventures—the venture investment company of Bernard Arnault, the chairman and CEO of LVMH, also participated alongside existing investors Hedosophia and Creandum, the company said in a statement on Wednesday.