Post by Green Dawn Partners

Vilnius-based Cast AI has become Lithuania's fifth unicorn, crossing the $1 billion valuation mark following a $108M Series C funding round. The AI-powered cloud cost optimisation platform was founded in 2020 and has built its engineering core in Vilnius, where it employs a significant share of its 300+ person team across 34 countries. The Series C is the largest single startup investment in Lithuania in 2025. This milestone matters well beyond one company's balance sheet. CAST AI's Vilnius hub is not a satellite office. It is the product centre. As the company opens new offices in London, New York, Bengaluru, and Tel Aviv off the back of this raise, the engineering and AI leadership layer in Vilnius will need to grow alongside it. For the Lithuanian market specifically, five unicorns means the competition for senior engineering talent is now structural, not occasional. Even more companies across the ecosystem will increasingly compete for the same pool of experienced engineers and with more and more exciting start ups and scale ups also building foundations and scaling, the competition for elite engineering talent will only become more fierce over time. #Lithuania #Vilnius #AIEngineering #CloudInfrastructure #TechTalent #UnicornAlert