The crush of traffic going into training and running AI has quickly turned into a major cost and resource headache for organizations. Today, Cast AI, a startup building tools to ease and optimize workloads for AI and other tasks with automation, is raising a major round of funding on the back of strong growth and partnerships with major players in the space. The company has raised a $108 million Series C that it will be using for more R&D and to expand its business in core markets like the U.S. and elsewhere. Sources familiar with the deal told TechCrunch that the round has the company at 'near unicorn' valuation, post-money ' close to $900 million from what I understand. 'It's all about GPU, compute, and electricity,' said Yuri Frayman, Cast's CEO and co-founder. 'Our play is to ensure that we create efficiency, to be able to promote more workloads across GPUs. That is what we are about.' For context, when Cast last raised capital, $35 million in November 2023, it was valued at...
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