Crusoe Secures $3.9B Series F at $30.9B Valuation to Build AI Factories
Article excerpt
Crusoe on September 17, 2026, announced the initial closing of its anticipated $3.9 billion Series F funding round at a $30.9 billion post-money valuation, an oversubscribed financing co-led by Atreides Management, Mubadala Capital, and Valor Equity Partners. Beyond the three co-leads, the company named significant new and existing backers including Founders Fund, GIC, NVIDIA, Qatar Investment Authority (QIA), Radical Ventures, and TPG. Additional investors named in the announcement 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 (RVI), SemiAnalysis, Salesforce Ventures, Squarepoint Capital, StepStone Group, Tiger Global, Upper90, Van Eck, XN, Zigg Capital, and accounts advised by T. Rowe Price Associates. Crusoe said proceeds from the round will go toward scaling its existing programs and building out its own AI factories, spanning large vertically-integrated campuses as well as modular Crusoe Spark units, and toward continued growth of Crusoe Cloud. The company, which describes itself as the industry’s first vertically-integrated AI infrastructure provider, said running the full value chain itself lets it...
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Crusoe said cloud adoption spans its infrastructure-as-a-service, serverless fine-tuning, and self-serve inference products, with customers including Cognition, Figure, and Perplexity already operating on Crusoe Cloud.
