Cast AI raises $108M to get the max out of AI, Kubernetes and other workloads [Yahoo! Finance]
SOFTBANK GRP UNSP/ADR (SFTBY)
NASDAQ:AMEX Investor Relations:
softbank.jp/en/corp/irinfo/presentations
Company Research
Source: Yahoo! Finance
Today, Cast AI — a startup building tools to ease and optimise AI and other workloads with automation — is raising a major round of funding on the back of its strong growth and partnerships with major players in the space. The company has raised $108 million — a Series C that it will be using both for more R&D as well as to expand its business both in core markets like the U.S., as well as elsewhere. We understand from sources that the round puts the company's post-money valuation at “near unicorn” valuation — 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.” (To put that valuation into some context, when Cast raised its last funding, $35 million, in November 2023 , it was valued at $300 million post-money, per PitchBook data. The startup prior to this latest round
Show less
Read more
Impact Snapshot
Event Time:
SFTBY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SFTBY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SFTBY alerts
High impacting SOFTBANK GRP UNSP/ADR news events
Weekly update
A roundup of the hottest topics
SFTBY
News
- Avalanche injures two at California's Mammoth Mountain ski resort [USA TODAY]USA TODAY
- Nvidia makes its biggest purchase ever [Yahoo! Finance]Yahoo! Finance
- Red Lobster's CEO joined 3 months after the bankruptcy. He says morale was 'very low' and people were 'beat down.' [Yahoo! Finance]Yahoo! Finance
- Red Lobster's CEO joined 3 months after the bankruptcy. He says morale was 'very low' and people were 'beat down.' [Business Insider]Business Insider
- Intel Lands $5.7B U.S. Investment Following CEO Tan's White House Meeting [Yahoo! Finance]Yahoo! Finance