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.
45