https://techcrunch.com/2023/03/16/cast-ai-raises-20m-to-help-companies-reduce-cloud-spend/

Cloud costs remain a top concern for organizations. According to a recent Anodot survey, 50% of businesses are struggling to control them, in part because they lack visibility into their cloud usage. Unsurprisingly, reducing those costs has become a top priority. A report from Wanclouds finds that 81% of IT leaders have been directed by their C-suite to reduce or take on no additional cloud spending.

Surely that’s music to the ears of startups whose tech is designed to reduce cost spend. There’s several out there. But one of the more successful vendors is Cast AI, which today announced that it raised $20 million in an investment led by Creandum with participation from unnamed existing investors.