$3.9 billion round
Crusoe, a data center developer, has raised $3.9 billion in a Series F round, pushing its valuation to $30.9 billion. The massive round was co-led by Atreides Management, Mubadala Capital, and Valor Equity Partners, with participation from Founders Fund, GIC, Nvidia, Qatar Investment Authority (QIA), Radical Ventures, and TPG. The company's fresh capital infusion will help finance existing data center projects, including a large site in Abilene, Texas, and smaller, modular AI factories that can be transported by truck and connected to large power sources.
Crusoe co-founder and CEO Chase Lochmiller believes AI will usher in an era of abundance, and the company's investors share that conviction.
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