Cast AI secures $108 million funding to expand cloud automation

Cast AI, a Miami-based startup that helps businesses automate cloud infrastructure management, said on Wednesday it has raised $108 million in a late-stage funding round led by G2 Venture Partners and SoftBank Vision Fund 2. The oversubscribed round, which also saw participation from existing investors such as Aglae Ventures, valued the company at $850 million, a person familiar with the matter said.

This brings Cast AI’s total funding to over $180 million, as it looks to expand to more markets and cater to growing demand.

The company helps…