Crusoe raises a $3.9B Series F at a $30.9B valuation

Crusoe

Crusoe raised a $3.9 billion Series F at a $30.9 billion post-money valuation, led by Atreides Management, Mubadala Capital and Valor Equity Partners. The money funds more large AI data-centre campuses, its modular Crusoe Spark units and its cloud. Crusoe's strategy is to control everything from power supply to computing which its CEO summed up as 'from electrons to tokens'.

• Other investors include NVIDIA, Founders Fund, GIC, Qatar Investment Authority, Radical Ventures and TPG, plus 30+ more.
• Crusoe reports over $140 billion in contracted value, more than 6 GW of gross contracted capacity and about 1 GW in operation.
• Crusoe Spark is a US-built modular data centre meant to cut build times from years to weeks.
• Customers include OpenAI, Cognition, Figure and Perplexity; OpenAI uses its Abilene, Texas campus. Cloud bookings grew 20x year on year, by Crusoe's figures.