Crusoe reportedly raises $3B at a $30B valuation
Data center developer Crusoe, which counts Meta, Microsoft, and OpenAI as its customers, has raised a new $3 billion round at a $30 billion valuation, Bloomberg conveyed. The deal is being co-led by Atreides Management and Valor Equity Partners, and includes participation from Mubadala Capital, ...
Data center developer Crusoe, which counts Meta, Microsoft, and OpenAI as its customers, has raised a new $3 billion round at a $30 billion valuation, Bloomberg conveyed.
The deal is being co-led by Atreides Management and Valor Equity Partners, and includes participation from Mubadala Capital, the asset management subsidiary of Abu Dhabi’s sovereign wealth fund Mubadala.
The company in recent times signed a massive $13 billion, five-year cloud contract to supply quantitative trading firm Jane Street with GPUs and AI infrastructure, Bloomberg shared.
In a related development, the fresh fundraise comes 10 months after Crusoe raised a $1.38 billion round at a $10 billion valuation last October.
Launched in 2018 as a crypto mining operation powered by flared natural gas, Crusoe has since pivoted into a prominent AI infrastructure and cloud provider that is best known for developing hyperscale data center campuses for clients like Oracle and OpenAI.
The company lately met with investment bankers, including Goldman Sachs and Morgan Stanley, to discuss a potential near-term IPO, Axios conveyed last month.
Furthermore, don’t miss out. The startup community will gather to answer a pivotal question: How do you build sustainably in the AI era?
Subscribe for the industry’s biggest tech news
Every weekday and Sunday, you can get the best of TechCrunch’s coverage.
Additionally, techCrunch Mobility is your destination for transportation news and insight.
Startups are the core of TechCrunch, so get our best coverage delivered weekly.
Provides movers and shakers with the info they need to start their day.
By submitting your email, you agree to our Terms and Privacy Notice.
Related Articles
AIEmTech Future 2026: When AI Meets Everything
Only available to MIT Technology Review subscribers. Yossi Matias, Vice President & Head of Google Research, explores how AI is beginning to reshape biology, infrastructure, manufacturing, and science, and why its greatest impact may come when it intersects with other fields. Step inside the ne...
AITrump names U.S. intelligence chief Jay Clayton as new AI czar
U.S. President Donald Trump stated on Sunday he had named Jay Clayton, the director of national intelligence, as the administration's artificial intelligence czar, tasking him with co-ordinating the administration's efforts to maintain U.S. leadership in the technology. Trump, who has pushed to...
