Lithuania has officially cemented its status as a European tech powerhouse with the arrival of its latest billion dollar company. Cloud automation platform Cast AI announced today that it has surpassed a one billion dollar valuation following a strategic investment from Pacific Alliance Ventures. This significant funding round marks a historic moment as the firm becomes the fifth unicorn to emerge from the Baltic nation.
The Strategic Investment Partner
The latest capital injection comes from a massive player in the Asian market. Pacific Alliance Ventures serves as the corporate venture arm of the Shinsegae Group. This South Korean conglomerate holds a value of over 50 billion dollars. They lead markets across retail, consumer goods and digital platforms in Asia.
This is not just financial backing. It represents a massive vote of confidence from the enterprise sector.
Cast AI Co-Founder and CEO Yuri Frayman stated that this valuation underscores market confidence in their vision.
He emphasized that enterprises need more than just cheaper infrastructure options. They require systems that adapt automatically as workloads change. This investment will allow the company to scale its automation agents to a global customer base.
The partnership opens doors to the Asian market. Hyuk Jin Chung, Managing Partner at PAV, noted the strong demand for automation platforms in the region. He expressed excitement about supporting the expansion of Cast AI across Asia.
cast ai cloud automation unicorn lithuania shinsegae investment
Solving the Cloud Waste Crisis
Cloud computing costs have spiraled out of control for many businesses. Traditional tools only monitor these clusters. They provide recommendations that engineers must manually approve and implement. This process is slow and often ignores real time changes in demand.
Cast AI takes a completely different approach.
The platform uses advanced machine learning algorithms to analyze compute clusters. It then optimizes them automatically in real time without human intervention. This shift reduces the burden on DevOps teams significantly.
Here is how the platform impacts enterprise operations:
- Cost Reduction: It rightsizes resources to cut cloud bills by 50 percent or more.
- Performance: Applications run faster because resources match the exact needs of the workload.
- Automation: Engineers stop wasting time on manual configuration and focus on building products.
Samsung Electronics is one of the major users benefiting from this technology.
Kyotack Tylor Kim, Head of Next Gen Cloud Group at Samsung, explained their success. He stated that they automated continuous infrastructure optimization on Amazon EKS using the platform. This reduced their operational overhead while improving application efficiency.
Introducing OMNI Compute
The demand for AI infrastructure has created a shortage of available hardware. Graphics Processing Units or GPUs are difficult to source within a single cloud provider. Cast AI has launched a new solution called OMNI Compute to fix this supply chain bottleneck.
This technology connects external capacity as if it were native compute.
It allows workloads to run on the most appropriate resources available. This could be local hardware or capacity across different cloud providers. The system handles this without requiring any code changes from developers.
OMNI Compute makes high demand GPUs fungible at the infrastructure layer.
Capacity is no longer trapped inside a single cloud region. Laurent Gil, President and Co-Founder of Cast AI, highlighted the importance of this freedom. He noted that teams can now move production workloads to wherever compute is actually available. They maintain full control over cost and performance during this process.
This is vital for AI inference workloads. Companies can avoid cloud lock in while meeting strict compliance requirements. They can keep infrastructure behavior predictable even as user demand spikes unexpectedly.
Global Expansion and Growth
The company has been aggressive in its growth strategy following its Series C funding. The team is not just building software. They are building a physical presence in key technology hubs around the world.
Cast AI has recently expanded its regional footprint significantly.
The firm has opened new offices in major cities including Bangalore, London, New York and Tel Aviv. They have also established subsidiaries in Canada, France, India, Korea, Singapore and the UK. This global network allows them to support enterprise clients in their local time zones.
The rise of Cast AI places it in an elite group of Lithuanian companies.
| Company Name | Industry | Status |
|---|---|---|
| Vinted | E-commerce | Unicorn |
| Nord Security | Cybersecurity | Unicorn |
| Baltic Classifieds | Online Marketplaces | Unicorn (Public) |
| Flo Health | HealthTech | Unicorn |
| Cast AI | Cloud / AI | Unicorn (New) |
This list proves that the region produces world class technology firms. The government and local ecosystem in Lithuania have actively supported this growth.
The focus now shifts to the long term vision. The company aims to become the standard for Application Performance Automation. With backing from Shinsegae and users like Samsung, they are well positioned to lead the market. The ability to manage costs while accessing scarce AI hardware is a winning combination for modern enterprises.
Cast AI has proven that automation is the future of cloud infrastructure. The billion dollar valuation is just the starting point for their next phase of innovation.
