Crusoe, an artificial intelligence infrastructure provider, announced a $600 million Series D funding round led by Founders Fund, valuing the company at $2.8 billion. Additional investors in the round include Fidelity, Long Journey Ventures, the United Arab Emirates’ sovereign wealth fund Mubadala, NVIDIA, Ribbit Capital, and Valor Equity Partners.
The newly secured capital will support the expansion of Crusoe’s data centers and its Crusoe Cloud platform, which is designed to help developers and data scientists efficiently manage AI and machine learning workloads. Crusoe noted that the rapid advancements in generative AI have heightened the demand for robust AI infrastructure, placing companies like Crusoe, Lambda, and CoreWeave at the forefront of the industry.
Founded in 2018 as a cryptocurrency-focused business, Crusoe later pivoted to developing clean energy-powered computing and AI infrastructure. Over the past year, the company has deepened collaborations with notable partners such as NVIDIA, Deloitte, and VAST Data, among others.
Crusoe CEO Chase Lochmiller stated that the company’s focus on sustainable energy and cutting-edge AI solutions positions it to meet the growing needs of enterprises navigating AI workloads. The launch of Crusoe Cloud reflects the company’s commitment to offering innovative platforms for the AI and data science community.
This funding round highlights the broader trend of heightened investor interest in generative AI startups. Just last week, Nebius Group announced a $700 million private placement, including investment from NVIDIA, to build tools tailored for AI developers.
