Crusoe Raises $3.9 Billion at $30.9 Billion Valuation to Expand AI Data Centers
Updated
Updated · TechCrunch · Sep 17
Crusoe Raises $3.9 Billion at $30.9 Billion Valuation to Expand AI Data Centers
3 articles · Updated · TechCrunch · Sep 17
Summary
$3.9 billion in new Series F funding lifted Crusoe’s valuation to $30.9 billion, giving the AI infrastructure company fresh capital for a rapid expansion push.
The money will fund existing projects including its Abilene, Texas site used by OpenAI, and support truck-deliverable modular AI factories called Spark that can be deployed faster than traditional data centers.
Crusoe said building Spark units in-house could reduce reliance on large construction crews and help ease community resistance that has slowed some massive data center developments.
The round was co-led by Atreides Management, Mubadala Capital and Valor Equity Partners, with Nvidia, GIC, QIA, Founders Fund and others participating; Crusoe also added three board members including Redwood Materials CEO JB Straubel.
The raise comes 10 months after a $1.38 billion round at a $10 billion valuation, as Crusoe builds on a reported $13 billion, five-year Jane Street contract and weighs a potential IPO.