Cast AI, which helps companies optimize cloud spend, lands $35M | TechCrunch ...Middle East

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Cast AI, which helps companies optimize cloud spend, lands $35M | TechCrunch
The mass move to digital during the pandemic and the embrace of generative AI accelerated cloud adoption, and trend hasn’t reversed — on the contrary. Gartner estimates that, in 2023, global end-user spending on public clouds will reach over $599 billion, up from $421 billion in 2021 and nearly $500 billion in 2022. Not every enterprise has adjusted well to the new norm. One challenge they’re encountering is overspending; according to a recent Forrester report, a whopping 94% of companies say that they’ve experienced avoidable cloud expenses due to underused and overprovisioned resources, a lack of in-house talent to oversee cloud infrastructure and other related factors. The intractable p

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