Cast AI, a cloud optimization platform, has reached a valuation exceeding $1 billion with the launch of its new GPU marketplace and a strategic investment from a major Korean conglomerate.
The company unveiled OMNI Compute on Monday, a unified control plane that automatically discovers and integrates compute resources, including GPUs, across multiple cloud providers and regions. The system allows Kubernetes clusters to extend transparently without requiring code changes, reconfiguration or operational adjustments, enabling organizations to run AI workloads efficiently while avoiding cloud lock-in.
Pacific Alliance Ventures, the U.S.-based corporate venture arm of Shinsegae Group—a $50 billion Korean conglomerate—provided the latest funding, pushing Cast AI into unicorn territory. The investment follows a Series C round led by G2 Venture Partners and SoftBank Vision Fund 2, with participation from Aglaé Ventures and existing backers including Hedosophia, Cota Capital, Vintage Investment Partners, Creandum and Uncorrelated Ventures.
OMNI Compute focuses on making GPUs fungible at the infrastructure level, allowing workloads to shift dynamically based on availability, cost and performance needs. It includes features for GPU sharing, monitoring and rightsizing to maintain efficiency at scale. Oracle is among the cloud providers offering GPU capacity through the platform, expanding access to its AI infrastructure globally.
“Shinsegae Group’s investment, and our over one billion dollar valuation, underscore the market’s confidence in our platform vision and our ability to execute it globally,” said Yuri Frayman, Cast AI co-founder and CEO. “Enterprises don’t just need cheaper infrastructure—they need infrastructure that adapts automatically as workloads and constraints change.”
Laurent Gil, Cast AI president and co-founder, added: “OMNI Compute makes GPUs fungible at the infrastructure layer so capacity isn’t trapped inside a single cloud or region. Teams can move, allocate and run production workloads wherever compute is actually available, with control over cost and performance.”
Industry partners praised the launch. Karan Batta, senior vice president of Oracle Cloud Infrastructure, said the partnership “opens entirely new markets” by allowing enterprises on any hyperscaler to access Oracle’s GPU fleet instantly. Erik Johnson, vice president of product management at Uniphore, called it a “game changer” for provisioning GPUs across clouds without code changes, ensuring reliable access for global AI inference.
Hyuk Jin Chung, managing partner at Pacific Alliance Ventures, highlighted Cast AI’s “category-defining automation platform” and its potential for expansion in Asia. Kyotack Tylor Kim, head of next gen cloud group at Samsung Electronics, noted how the platform automated optimization on Amazon EKS, reducing overhead while improving efficiency.
Cast AI positions itself as a leading application performance automation platform, using machine learning to analyze and optimize clusters in real time for cost savings, better performance and DevOps efficiency. It serves clients including Akamai, BMW, Cisco, FICO, Hugging Face, NielsenIQ, Swisscom and TGS.
The company has expanded globally with new offices in Bangalore, London, New York and Tel Aviv, plus subsidiaries in Canada, France, India, Korea, Lithuania, Singapore and the UK.
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