AI data center builder Crusoe valued at $30.9B in $3.9B round
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Crusoe Inc. today announced that it has closed a $3.9 billion late-stage funding round at a $30.9 billion valuation. The Series F deal was led by Atreides Management, Mubadala Capital and Valor Equity Partners. They were joined by more than two dozen other investors. The group included Nvidia Corp., Salesforce Ventures and Robinhood Ventures Fund. Denver-based Crusoe builds artificial intelligence data centers for tech firms. Its flagship project is a 1.2-gigawatt AI campus in Abilene, Texas that Oracle Corp. will use to host workloads for OpenAI Group PBC. Crusoe is also building a 900-megawatt site for Microsoft Corp. nearby. The company makes many of the electrical components that power its data centers in-house. Crusoe manufactures, among others, industrial controls that coordinate the flow of electricity and circuit breakers. It also makes the specialized enclosures in which such components are housed. The cabinets protect electrical equipment from dust and water. Crusoe customers who don't require a full data center can purchase a computing module called Spark. It combines graphics cards, storage equipment and cooling systems in a container-size enclosure. Built-in satellite connectivity enables Spark systems to run in areas that lack terrestrial networking infrastructure. The company offers its data center construction services alongside an AI-optimized cloud platform...
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