Crusoe raises $3.9B Series F at $30.9B valuation

M&A · PartnershipProduct / Tech Impact 4
โดย Yahoo Finance·US·Read original
Summary · why it matters

Crusoe said Thursday it raised $3.9 billion in a Series F round that pushes its valuation to $30.9 billion. The round was co-led by Atreides Management, Mubadala Capital, and Valor Equity Partners, with Founders Fund, GIC, Nvidia, Qatar Investment Authority, Radical Ventures, and TPG also participating. Crusoe also announced three new board members: Cloudflare CFO Thomas Seifert, Bill Stein, partner and CIO at Primary Digital Infrastructure, and Redwood Materials founder and CEO JB Straubel, who also sits on Tesla's board. The fresh capital will help finance existing data center projects, including a large site in Abilene, Texas, used by OpenAI, as well as smaller, modular AI factories called Spark that can be transported by truck and connected to large power sources almost anywhere. The raise comes 10 months after Crusoe raised $1.38 billion at a $10 billion valuation last October, and follows a reported $13 billion, five-year cloud contract to supply quantitative trading firm Jane Street with GPUs and AI infrastructure.

Impact on stocks 4

Artificial Intelligence▲ · 1 stocks
NVIDIA Corporation
NVDA
▲ PositiveCapitalrelevance

Nvidia participated in Crusoe's $3.9B Series F, deepening its investment in AI data-center capacity.

Financials▲ · 1 stocks
TPG Inc
TPG
▲ PositiveCapitalrelevance

TPG participated in Crusoe's $3.9B Series F round.

Cloud & Digital Infrastructure▲ · 1 stocks
Energy Transition & Power Demand▲ · 1 stocks

Theme Impact 5

Off-coverage companies 11

CrusoePrivate▲ Positive
Capitalrelevance

Crusoe raised $3.9B Series F at a $30.9B valuation to fund data-center and AI factory projects.

Founders FundPrivate± Mixed
relevance

GIC Private LimitedPrivate± Mixed
relevance

Jane Street Group, LLCPrivate± Mixed
relevance

Mubadala CapitalPrivate± Mixed
relevance

OpenAIPrivate± Mixed
relevance

Primary Digital InfrastructurePrivate± Mixed
relevance

Qatar Investment AuthorityPrivate± Mixed
relevance

Radical VenturesPrivate± Mixed
relevance

Redwood MaterialsPrivate± Mixed
relevance

Valor Equity PartnersPrivate± Mixed
relevance

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