Crusoe, a leading developer of advanced data centres powered by artificial intelligence technologies, has closed a $1.4 billion funding round led by Mubadala Capital, the investment arm of Abu Dhabi’s Mubadala Investment Company, and Valor Equity Partners.
The oversubscribed equity round also saw participation from NVIDIA, IICC VC | Tiger Global Management, Altimeter Capital Management LLC, and other major investors. According to the Financial Times, the latest funding has enabled Crusoe to more than triple its valuation within just one year, surpassing $10 billion.
Founded in 2018, Crusoe has now raised a total of $3.9 billion in funding. The company is currently partnering with OpenAI to build its first large-scale data centre in Abilene, Texas, which is scheduled for completion by mid-2026.
According to Chase Lochmiller, Crusoe’s CEO, the company’s development pipeline currently amounts to 45 gigawatts of planned capacity, reflecting its ambition to become a key global player in AI-driven data infrastructure.
