AI Infrastructure Provider Crusoe Valued at $30.9 Billion in Latest Funding Round
- On Thursday, Denver-based Crusoe raised $3.9 billion in a Series F funding round, pushing its post-money valuation to $30.9 billion as demand for AI computing capacity surges.
- Founded in 2018 as a cryptocurrency business, Crusoe pivoted to AI infrastructure and now provides specialized cloud and data center services for major clients Meta, Microsoft, and Oracle.
- The company manufactures modular data centers called Spark, transportable by truck to power sources anywhere, and recently signed a $13 billion cloud contract with Jane Street for GPUs and AI infrastructure.
- Three new board members joined, including Cloudflare CFO Thomas Seifert and Redwood Materials founder JB Straubel, as the company explores a potential IPO with Goldman Sachs and Morgan Stanley.
- This capital infusion comes 10 months after Crusoe raised $1.38 billion at a $10 billion valuation, reflecting the scale of investment flowing into specialized AI infrastructure providers.
17 Articles
17 Articles
Crusoe raises $3.9 billion at $30.9 billion valuation as AI infrastructure demand surges - Tech Startups
Crusoe has raised $3.9 billion in fresh funding at a $30.9 billion post-money valuation, marking a dramatic leap for the AI infrastructure company as investors pour enormous sums into the data centers, chips, and energy systems that support artificial intelligence. […] The post Crusoe raises $3.9 billion at $30.9 billion valuation as AI infrastructure demand surges first appeared on Tech Startups.
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AI infrastructure provider Crusoe valued at $30.9 billion in latest funding round
Sept 17 : AI infrastructure provider Crusoe said on Thursday it has raised $3.9 billion at a post-money valuation of $30.9 billion, as demand for computing capacity to power AI workloads continues to surge.Launched in 2018 as a cryptocurrency business, Crusoe later pivoted to building AI infrastructure and
Crusoe raises $3.9bn at a $30.9bn valuation
“Getting there means controlling the infrastructure from electrons to tokens,” said Chase Lochmiller, co-founder and chief executive of Crusoe. He was describing what he called an era of abundance brought by AI. The Denver company announced the initial closing of a $3.9bn Series F on 17 September, in a statement. It puts the post-money valuation […] This story continues at The Next Web
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