Crusoe raises $3B Series F at $30B valuation to build AI data centres
What's the deal? Crusoe, a cloud-computing provider and data centre developer, has raised over $3 billion in a Series F round that values it at roughly $30 billion. Atreides ManagementDealroom has a profile for this one. Try Dealroom → and Valor Equity Partners co-led the round, with Mubadala Capital also participating.
What's the endgame? Crusoe builds data centres and provides cloud computing to some of the largest names in AI, counting OpenAI, Microsoft, and Meta among its customers. The capital arrives as demand for AI infrastructure keeps climbing.
Why now? The round follows a separate roughly $13 billion financing Crusoe recently secured, according to Bloomberg. MubadalaDealroom has a profile for this one. Try Dealroom → Capital is owned by Abu Dhabi sovereign wealth fund Mubadala, adding Gulf capital to the startup's backers.
The signal: At over $3 billion, this ranks among the largest US energy Series F rounds ever recorded — near the 99th percentile in a sample of 591 comparable deals. It underscores how much money investors are willing to pour into the physical backbone of the AI boom.
Read more: news.bloomberglaw.com
Image credit: Jemimus
