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.
Jul 6, 2026Baseten, 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.
Jul 5, 2026A 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.
Jul 4, 2026AI 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.
Jul 3, 2026