Crusoe Inc. has secured $3,9 billion in a Series F funding round, reaching a valuation of $30,9 billion. The investment was led by Atreides Management, Mubadala Capital, and Valor Equity Partners, with participation from over two dozen additional investors, including Nvidia, Salesforce Ventures, and Robinhood Ventures Fund.
The company specializes in constructing AI data centers, including a 1,2-gigawatt campus in Abilene, Texas, for Oracle to host OpenAI workloads, and a 900-megawatt facility for Microsoft. Crusoe manufactures its own electrical components, such as industrial controls and circuit breakers, and offers Spark computing modules for remote deployment via satellite connectivity.
Beyond construction, Crusoe operates the Crusoe Cloud platform. The company reports that its annualized revenue has grown more than 20 times over the past year. The Managed Inference service, which utilizes the MemoryAlloy caching engine to increase throughput by up to five times, reached over $100 million in annualized recurring revenue within its first year.
Crusoe currently has more than 6 gigawatts of contracted data center capacity under development, including a project for Google in Texas. The company states that its total data center projects represent more than $140 billion in contracted revenue. Its infrastructure supports large-scale training datasets, utilizing storage technology from Vast Data Inc.
