Crusoe Reportedly Raises $3B at $30B Valuation to Expand AI Infrastructure
aiinsider ·
According to Bloomberg, data center developer Crusoe has reportedly raised $3 billion at a $30 billion valuation. The round is co-led by Atreides Management and Valor Equity Partners, with participation from Mubadala Capital, the asset management arm of Abu Dhabi's sovereign wealth fund. This funding follows a $1.38 billion raise at a $10 billion valuation about ten months earlier. The company recently signed a roughly $13 billion, five-year cloud contract with trading firm Jane Street to supply GPUs and AI infrastructure. Originally founded in 2018 as a crypto mining operation powered by flared natural gas, Crusoe has become a major AI infrastructure and cloud provider for clients including Meta, Microsoft, OpenAI, and Oracle. Separately, it has reportedly met with investment bankers to discuss a potential near-term IPO.
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