Key Metrics
Company Snapshot
Crusoe is a AI infra company, based in Denver, Colorado, USA, founded 2018 by Chase Lochmiller, Cully Cavness. Latest valuation $30.9B (As of Sep 17, 2026, TechCrunch).
Recent changes
- Sep 25, 2026Sep 25, 2026Crusoe Scraps $1.25B Boom Turbine Power Deal Pulse story
- Sep 23, 2026Sep 23, 2026Crusoe Lands $65M-A-Year Deal With Mira Murati's Lab Pulse story
- Sep 17, 2026Sep 17, 2026Raised $3.9B Series F at a $30.9B valuation TechCrunch
- Sep 17, 2026Sep 17, 2026New investor: GIC TechCrunch
- Sep 17, 2026Sep 17, 2026New investor: Qatar Investment Authority TechCrunch
Earlier changes (15)
- Sep 17, 2026Sep 17, 2026New investor: TPG TechCrunch
- Sep 17, 2026Sep 17, 2026New investor: Radical Ventures TechCrunch
- Sep 17, 2026Sep 17, 2026Crusoe Hits Initial Close On $3.9B Series F At $30.9B Pulse story
- Sep 17, 2026Sep 17, 2026Crusoe Hits Initial Close On $3.9B Series F At $30.9B Pulse story
- Sep 17, 2026Sep 17, 2026Valuation rose from $10B+ (expected) to $30.9B TechCrunch
- Sep 7, 2026Sep 7, 2026This Week's AI Money: Crusoe, Fluidstack and a $100M Security Check Pulse story
- Sep 3, 2026Sep 3, 2026Raised $3B Growth at a $30B valuationRumored TechCrunch
- Sep 3, 2026Sep 3, 2026Crusoe Meets IPO Bankers Less Than a Year After $10B Pulse story
- Sep 3, 2026Sep 3, 2026Crusoe Reportedly Raises $3B at $30B Valuation Pulse story
- Sep 3, 2026Sep 3, 2026Crusoe Triples to $30B Valuation on $3B Series F Pulse story
- Jul 3, 2026Jul 3, 2026Crusoe in Talks to Raise $3B, Tripling Valuation to ~$30B Pulse story
- Oct 24, 2025Oct 24, 2025Raised $1.375B Series E at a $10B+ valuation Crusoe
- Oct 24, 2025Oct 24, 2025New investor: Tiger Global Management Crusoe
- Oct 24, 2025Oct 24, 2025New investor: Atreides Management Crusoe
- Oct 24, 2025Oct 24, 2025New investor: Salesforce Ventures Crusoe
Funding History
5 events · sources dated per row| Date | Event | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Sep 17, 2026 | Series F | $3.9B | $30.9B | TechCrunch | |
| Sep 3, 2026 | GrowthRumored | $3B | $30B | TechCrunch | |
| Oct 24, 2025 | Series E | $1.375B | $10B+ | Valor Equity PartnersLeadunverifiedMubadala CapitalLeadunverifiedFounders FundunverifiedNvidiaunverifiedAtreides ManagementunverifiedAltimeter CapitalunverifiedSalesforce VenturesunverifiedTiger Global Managementunverified | Crusoe |
| Jun 11, 2025 | Credit facility | $750M | — | BrookfieldLeadunverified | Crusoe |
| Dec 12, 2024 | Series D | $600M | $2.8B | Founders FundLeadunverifiedFidelity InvestmentsunverifiedMubadala CapitalunverifiedNvidiaunverifiedRibbit CapitalunverifiedValor Equity PartnersunverifiedLong Journey Ventures | Crusoe |
Underlying values
| As of | Value | Method | Source |
|---|---|---|---|
| Sep 17, 2026 | $30.9B | Reported | Crusoe |
| Sep 17, 2026 | $30.9B | Reported | TechCrunch |
| Oct 24, 2025 | $10B+ (expected) | Reported | Crusoe |
| Oct 1, 2025 | $10B | Reported | TechCrunch |
| Oct 2025 | $10B+ | Reported | Crusoe |
| Dec 12, 2024 | $2.8B | Reported | Crusoe |
Investors
Latest Pulse
- Oct 2, 2026PaleBlueDot AI Raises $200M at $3.2B ValuationPaleBlueDot AI raised a $200 million Series C led by ComputeCore at a $3.2 billion valuation to expand its GPU compute infrastructure for AI workloads.→
- Oct 2, 2026PaleBlueDot AI Raises $200M Series C at $3.2B ValuationThe AI-infrastructure startup's new round values it at $3.2 billion, its first disclosed valuation, as investors keep funding GPU-cloud capacity even while some warn the compute boom is overbuilt.→
- Sep 25, 2026Crusoe Scraps $1.25B Boom Turbine Power DealCrusoe walked away from a $1.25 billion deal to buy Boom Supersonic turbines for its AI data centers, opting for a more flexible power mix as the AI buildout's electricity math keeps shifting.→
- Sep 25, 2026Nscale Raises $3.36B in Pre-IPO Convertible FinancingNscale disclosed a $3.36 billion pre-IPO convertible round led by Third Point, its second big financing in ten days as it pushes toward a US listing targeting a $25 billion valuation.→
- Sep 25, 2026Venture's Quiet Return To $400M+ Mega-RoundsSix financings of $1 billion or more have closed in the past 30 days alone, per Pulse's own funding tracker -- a concentration of mega-checks that rivals 2021's zero-rate peak, just with real revenue attached this time.→
- Sep 23, 2026Crusoe Lands $65M-A-Year Deal With Mira Murati's LabCrusoe and Thinking Machines Lab signed a $65 million annual deal to run inference for the lab's models on dedicated Nvidia HGX B200 systems, pushing Crusoe's managed-inference business past $100 million in contracted annual revenue.→
- Sep 22, 2026Verda Raises $189M, Becomes A Billion-Dollar AI CloudVerda, the Helsinki-based AI cloud company formerly known as DataCrunch, raised $189 million led by Emergence Capital and said it is now valued at more than $1 billion.→
- Sep 21, 2026A Rare Quiet Week For AI MegadealsPulse's funding tracker shows a noticeably lighter week for AI mega-rounds after weeks of multibillion-dollar infrastructure raises, with fresh capital instead spreading across smaller, narrower bets like a $25M SMB insurance brokerage.→
- Sep 18, 2026OpenAI Projects $278B Cash Burn, Eyes $1.2T ValuationOpenAI projects it will burn through $278 billion in cash by 2030 funding its compute buildout, even as it holds early talks with investors on a new round that could value the company above $1.2 trillion.→
- Sep 18, 2026AI Infrastructure Financing Just Broke Its Own CeilingCrusoe's $3.9B raise and Bain Capital Ventures' $1.6B 'post-AGI' fund landed in the same 24 hours, and both are the same bet: the compute and services layer under AI is where the money is actually going now.→
Coverage Timeline
newest first- Sep 23, 2026AICrusoe Lands $65M-A-Year Deal With Mira Murati's Lab$65M/year deal→
- Sep 18, 2026FUNDINGAI Infrastructure Financing Just Broke Its Own Ceiling$3.9B Series F→
- Sep 18, 2026FUNDINGThis Week Alone Nearly Matched A Month Of AI Infra Capital→
- Sep 17, 2026FUNDINGCrusoe Hits Initial Close On $3.9B Series F At $30.9B$3.9B Series F→
- Sep 6, 2026FUNDINGWhy AI Compute Swallowed the Week's Venture Dollars$4.8B in five days→
- Sep 4, 2026IPOWhy AI Infrastructure Beat AI Labs to the Public Markets→
- Sep 3, 2026FUNDINGCrusoe Triples to $30B Valuation on $3B Series F$3B+ Series F→
- Sep 3, 2026IPOCrusoe Meets IPO Bankers Less Than a Year After $10B→
- Sep 3, 2026FUNDINGCrusoe Reportedly Raises $3B at $30B Valuation$3B round→
- Jul 6, 2026FUNDINGGrowth Capital's New Pecking Order: Power, Chips, Everything Else$3B+ infra rounds vs. flat Series A medians→
- Jul 5, 2026FUNDINGWhy the Same Five Neoclouds Keep Landing Megarounds$5.3B+ combined across 3 repeat raises→
- Jul 4, 2026FUNDINGWhy AI Infrastructure Megarounds Are Swallowing the Series B Market$6.75B+ in infra rounds in one week→
- Jul 3, 2026FUNDINGCrusoe in Talks to Raise $3B, Tripling Valuation to ~$30B$3B raise / ~$30B valuation→
All Coverage
AI$65M/year deal
Crusoe Lands $65M-A-Year Deal With Mira Murati's Lab
Crusoe and Thinking Machines Lab signed a $65 million annual deal to run inference for the lab's models on dedicated Nvidia HGX B200 systems, pushing Crusoe's managed-inference business past $100 million in contracted annual revenue.
DEEP DIVE
AI Infrastructure Financing Just Broke Its Own Ceiling
FUNDING$3.9B Series F
AI Infrastructure Financing Just Broke Its Own Ceiling
Crusoe's $3.9B raise and Bain Capital Ventures' $1.6B 'post-AGI' fund landed in the same 24 hours, and both are the same bet: the compute and services layer under AI is where the money is actually going now.
DEEP DIVE
This Week Alone Nearly Matched A Month Of AI Infra Capital
FUNDING
This Week Alone Nearly Matched A Month Of AI Infra Capital
Crusoe's $3.9B raise and CoreWeave's roughly $6B combined debt-and-equity push this week total nearly $10B, against Pulse's own tracker showing $129.9B across 347 startup deals over the past 17 weeks.
BY THE NUMBERS
Crusoe Hits Initial Close On $3.9B Series F At $30.9B
FUNDING$3.9B Series F
Crusoe Hits Initial Close On $3.9B Series F At $30.9B
Crusoe's AI data-center buildout tripled its valuation to $30.9B in under a year, with Nvidia, Founders Fund and three sovereign-linked funds among the backers of the initial close.
FOLLOW-UP
Why AI Compute Swallowed the Week's Venture Dollars
FUNDING$4.8B in five days
Why AI Compute Swallowed the Week's Venture Dollars
Crusoe, Fluidstack and Gimlet Labs closed $4.8 billion between them in five days, and every dollar landed in the layer between the chips and the models rather than in the applications built on top.
DEEP DIVE
Why AI Infrastructure Beat AI Labs to the Public Markets
IPO
Why AI Infrastructure Beat AI Labs to the Public Markets
Crusoe is meeting IPO bankers and Oura just filed while OpenAI and Anthropic sit confidentially filed with no date -- I think that gap is permanent, and it tells you where the real underwriting risk in this cycle sits.
TRACE'S TAKE
Crusoe Triples to $30B Valuation on $3B Series F
FUNDING$3B+ Series F
Crusoe Triples to $30B Valuation on $3B Series F
The Denver AI data-center builder raised over $3 billion co-led by Atreides Management and Valor Equity Partners, tripling its valuation in ten months on the strength of a $13 billion Jane Street compute contract.
DEEP DIVE
Crusoe Meets IPO Bankers Less Than a Year After $10B
IPO
Crusoe Meets IPO Bankers Less Than a Year After $10B
Crusoe has met with Goldman Sachs, Morgan Stanley, JPMorgan and Bank of America about a near-term IPO, the same week it reportedly closed a $3 billion round at $30 billion -- an unusually fast run from markup to public talks.
DEEP DIVE
Crusoe Reportedly Raises $3B at $30B Valuation
FUNDING$3B round
Crusoe Reportedly Raises $3B at $30B Valuation
Crusoe, the AI data center developer that pivoted from flared-gas crypto mining, reportedly closed a $3 billion round at a $30 billion valuation, tripling its mark from October and setting up meetings with IPO bankers.
FOLLOW-UP
Growth Capital's New Pecking Order: Power, Chips, Everything Else
FUNDING$3B+ infra rounds vs. flat Series A medians
Growth Capital's New Pecking Order: Power, Chips, Everything Else
This year's largest checks -- Crusoe, National Grid-Joulent, a16z crypto -- keep going to physical infrastructure and scarce capacity, leaving application-layer software further down the pecking order.
Why the Same Five Neoclouds Keep Landing Megarounds
FUNDING$5.3B+ combined across 3 repeat raises
Why the Same Five Neoclouds Keep Landing Megarounds
Baseten, Together AI and Crusoe have each raised nine- or ten-figure rounds within the past year, showing AI infrastructure capital increasingly recycling into a small, familiar set of 'neocloud' names rather than funding new entrants.
Why AI Infrastructure Megarounds Are Swallowing the Series B Market
FUNDING$6.75B+ in infra rounds in one week
Why AI Infrastructure Megarounds Are Swallowing the Series B Market
A string of multi-billion-dollar AI infrastructure raises this year -- Crusoe, Together AI, Quantum Systems, National Grid's Joulent bet -- shows venture capital concentrating in physical AI infrastructure at the expense of traditional Series B-sized rounds.
Crusoe in Talks to Raise $3B, Tripling Valuation to ~$30B
FUNDING$3B raise / ~$30B valuation
Crusoe in Talks to Raise $3B, Tripling Valuation to ~$30B
AI data-center builder Crusoe is reportedly in talks to raise about $3 billion in a round that would roughly triple its valuation to around $30 billion, as demand for specialized AI compute keeps outpacing supply.
Value Add Research
- Market & Trends · Sep 27, 2026Crusoe Series F: Inside the $30.9B AI Data Center Company
- VC & Investing · Jul 4, 2026Crusoe Raises $3B at $30B Valuation, Lands $13B Jane Street Deal
- VC & Investing · Sep 10, 2026Fluidstack Valuation 2026: $18B Reported, Jane Street Leads
- VC & Investing · Sep 10, 2026Jane Street's $21.5B AI Infrastructure Bet, Explained
- AI & Technology · Jun 30, 2026Perplexity Valuation 2026: $20B Last Round, Revenue & Funding
Related Companies
Crusoe FAQ
What is Crusoe's valuation?
Crusoe's valuation is $30.9B (As of Sep 17, 2026, TechCrunch).
Who are Crusoe's investors?
Crusoe's investors include Mubadala Capital, Valor Equity Partners, Atreides Management, Founders Fund, Brookfield, and 14 more (As of Sep 17, 2026).
Sources & methodologyshow
Where these figures come from
- Crusoeprimary source1 fact
- TechCrunchmajor outlet2 facts
- TechCrunchmajor outlet1 fact
- CrusoeValue Add VC data1 fact
- CrusoeValue Add VC data1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.