Crusoe, a Denver-based AI cloud and data center provider, led the week's funding rounds with a $3 billion Series F co-led by Atreides Management and Valor Equity Partners, with Mubadala Capital participating. The company, which originally focused on cryptocurrency mining using stranded natural gas, now serves clients such as OpenAI, Microsoft, and Meta. This round values Crusoe at $30 billion, tripling its valuation from less than a year ago, bringing its total funding to nearly $7.2 billion.
Fluidstack, a New York-based AI infrastructure company, raised $1.5 billion in a private equity round led by Jane Street Capital. The company provides large-scale GPU and data center infrastructure for AI workloads, bringing its total funding to just over $2.6 billion. This latest financing values Fluidstack at $18 billion.
Gimlet Labs and Upwind Security both secured $300 million. Gimlet Labs, based in San Francisco, raised a Series B led by Andreessen Horowitz, with participation from Sapphire Ventures, Menlo Ventures, Arm Holdings, and M12. The AI inference cloud startup is now valued at $3 billion with $392 million in total funding. Upwind Security, also in San Francisco, raised $300 million co-led by Bessemer Venture Partners and TCV, reaching a valuation of $3.8 billion and total funding of $730 million.
David, a New York-based high-protein food company, raised $250 million in a Series B co-led by Greenoaks and Valor Equity Partners, with participation from Iconiq Capital, Imaginary Ventures, and co-founder Peter Rahal. The company is valued at $2.25 billion with $335 million in total funding.
HiBob, a New York-based HR software provider, raised $166 million in a round led by Salesforce, with Farallon Capital Management participating. The company's Bob platform integrates HR, payroll, and employee management tools, valuing the company at $3.2 billion with total funding of $740 million.
Lyte AI, a Sunnyvale-based robotics company, raised $165 million in a Series C led by Maverick Silicon, with participation from Fidelity Management And Research Company, Atreides Management, Key 1 Capital, and Ora Global. The company is valued at $1.6 billion with total funding of $272 million. Other notable rounds include TabaPay's $155 million growth financing led by FTV Capital, Thyme Care's $125 million Series E led by Morgan Health, and HiddenLayer's $100 million Series B led by Delta-v Capital.
