Crusoe Raises $3.9 Billion Series F At $30.9 Billion Valuation To Expand Vertically Integrated AI Infrastructure Platform
Article excerpt
Crusoe has announced the initial closing of an anticipated $3.9 billion Series F financing at a $30.9 billion post-money valuation, giving the AI infrastructure company additional capital to expand its data centers, energy infrastructure and AI cloud platform. The oversubscribed round was co-led by Atreides Management, Mubadala Capital and Valor Equity Partners, with significant participation from Founders Fund, GIC, NVIDIA, Qatar Investment Authority, Radical Ventures and TPG. Additional investors include 1789 Capital, Activate Capital, Altimeter, ARK Invest, Avenir, Baillie Gifford, BAM Elevate, BDT & MSD Partners, Clal Insurance and Finance, Darsana, DPR Construction, Era Funds, Fidelity Management & Research Company, Fundrise, Galvanize, M37, OIA, Polychain Capital, Ribbit Capital, Robinhood Ventures Fund I, SemiAnalysis Capital, Salesforce Ventures, Squarepoint Capital, StepStone Group, T. Rowe Price, Tiger Global, Upper90, Van Eck, XN and Zigg Capital. The financing follows a period of rapid expansion for Crusoe, which is attempting to control more of the infrastructure stack required to develop and operate large-scale artificial intelligence systems. Rather than functioning only as an AI cloud provider or data center developer, Crusoe combines power generation and procurement, data center development, modular infrastructure and cloud computing within one vertically...
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The company said OpenAI trained Astra, its first artificial general intelligence system, at the Abilene campus designed and built by Crusoe.
