Crusoe raises $3.9B to build massive data centers and small modular “AI factories”
Crusoe raised a $3.9B Series F at a $30.9B valuation to expand AI data centers, including OpenAI's Abilene site, and modular AI factories.
Data center developer Crusoe raised $3.9 billion in a Series F co-led by Atreides Management, Mubadala Capital, and Valor Equity Partners, with participation from Nvidia, Founders Fund, GIC, QIA, Radical Ventures, and TPG. The capital will finance existing projects, including the large Abilene, Texas site used by OpenAI, and Spark, truck-transportable modular data centers. Crusoe recently signed a reported $13 billion five-year cloud contract with Jane Street and has met bankers about a potential IPO. Its customers include Meta, Microsoft, and Oracle.
- $3.9B Series F lifts valuation to $30.9B, ten months after a $1.38B round at $10B
- Funding targets the Abilene, Texas site used by OpenAI and modular Spark data centers
- Reported $13B, five-year GPU cloud contract with quantitative trading firm Jane Street
- Investors include Nvidia, Founders Fund, GIC, QIA, TPG, and Mubadala Capital
- Company reportedly met Goldman Sachs and Morgan Stanley about a potential IPO
- Products
- Spark
- Countries
- United States
From the original article
2 min read at techcrunch.com
Data center developer Crusoe said Thursday it raised $3. 9 billion in a Series F round that pushes its valuation to $30. 9 billion.
By Marina Temkin · techcrunch.com
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