FUNDING
Key Metrics
Total funding
$4.1B
As of Jul 31, 2026Value Add Pulse research
Company Snapshot
Crusoe is a AI infra company, based in Denver, United States, founded 2018 by Chase Lochmiller, Cully Cavness. Latest valuation $30.9B (As of Sep 17, 2026, TechCrunch). Total funding $4.1B (As of Jul 31, 2026).
Recent changes
- Sep 17, 2026Sep 17, 2026Raised $3.9B at a $30.9B valuation TechCrunch
- 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: NVentures 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: Founders Fund TechCrunch
- Sep 17, 2026Sep 17, 2026New investor: Radical Ventures TechCrunch
- Sep 17, 2026Sep 17, 2026Crusoe Closes Series F At $3.9B, Valuation Hits $30.9B Pulse story
- Sep 17, 2026Sep 17, 2026Crusoe Closes $3.9B Series F At $30.9B, Up From $10B Pulse story
- Sep 17, 2026Sep 17, 2026Valuation rose from $10B to $30.9B TechCrunch
- Sep 3, 2026Sep 3, 2026Raised $3B Growth at a $30B valuationRumored TechCrunch
- Sep 3, 2026Sep 3, 2026IPO $3B at $30B TechCrunch
- Sep 3, 2026Sep 3, 2026New investor: Mubadala CapitalRumored TechCrunch
- Sep 3, 2026Sep 3, 2026New investor: Valor Equity PartnersRumored TechCrunch
- Sep 3, 2026Sep 3, 2026New investor: Atreides ManagementRumored 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 31, 2026Jul 31, 2026First reported total funding: $4.1B Value Add Pulse enrichment
Funding History
5 events · sources dated per row| Date | Event | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Sep 17, 2026 | funding round | $3.9B | $30.9B | TechCrunch | |
| Sep 17, 2026 | Series F | $3.9B | $30.9B | Atreides ManagementMubadala CapitalValor Equity PartnersFounders FundGICNVenturesQatar Investment AuthorityRadical VenturesTPG outlined = lead | TechCrunch |
| Sep 3, 2026 | GrowthRumored | $3B | $30B | outlined = lead | TechCrunch |
| Sep 3, 2026 | ipo | $3B | $30B | Pulse story | |
| Oct 1, 2025 | Growth | $1.38B | $10B | TechCrunch |
Underlying values
| As of | Value | Method | Source |
|---|---|---|---|
| Sep 17, 2026 | $30.9B | Reported | TechCrunch |
| Jul 31, 2026 | $10B | Reported | Value Add Pulse research |
| Oct 1, 2025 | $10B | Reported | TechCrunch |
Investors
Latest Pulse
- 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.→
- Sep 18, 2026This Week Alone Nearly Matched A Month Of AI Infra CapitalCrusoe'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.→
- Sep 17, 2026Crusoe Closes $3.9B Series F At $30.9B, Up From $10BCrusoe'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.→
- Sep 17, 2026Crusoe Closes Series F At $3.9B, Valuation Hits $30.9BAI data-center builder Crusoe closed its Series F at $3.9 billion and a $30.9 billion valuation, funding the Abilene, Texas OpenAI campus and a new line of truck-deployable modular data centers.→
- Sep 6, 2026Why AI Compute Swallowed the Week's Venture DollarsCrusoe, 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.→
- Sep 4, 2026Why AI Infrastructure Beat AI Labs to the Public MarketsCrusoe 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.→
- Sep 3, 2026Crusoe Triples to $30B Valuation on $3B Series FThe 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.→
- Sep 3, 2026Crusoe Meets IPO Bankers Less Than a Year After $10BCrusoe 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.→
- Sep 3, 2026Crusoe Reportedly Raises $3B at $30B ValuationCrusoe, 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.→
- Jul 6, 2026Growth Capital's New Pecking Order: Power, Chips, Everything ElseThis 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.→
Coverage Timeline
newest first- 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 Closes $3.9B Series F At $30.9B, Up From $10B$3.9B Series F→
- Sep 17, 2026FUNDINGCrusoe Closes Series F At $3.9B, Valuation Hits $30.9B$3.9B Series F / $30.9B valuation→
- 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
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
FUNDING
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
FUNDING
Crusoe Closes $3.9B Series F At $30.9B, Up From $10B
FUNDING$3.9B Series F
Crusoe Closes $3.9B Series F At $30.9B, Up From $10B
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
FUNDING
Crusoe Closes Series F At $3.9B, Valuation Hits $30.9B
FUNDING$3.9B Series F / $30.9B valuation
Crusoe Closes Series F At $3.9B, Valuation Hits $30.9B
AI data-center builder Crusoe closed its Series F at $3.9 billion and a $30.9 billion valuation, funding the Abilene, Texas OpenAI campus and a new line of truck-deployable modular data centers.
DEEP DIVE
FUNDING
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
IPO
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
FUNDING
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
IPO
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
FUNDING
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
FUNDING
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.
FUNDING
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.
FUNDING
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.
FUNDING
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.
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Sources & methodologyshow
Where these figures come from
- TechCrunchmajor outlet3 facts
- TechCrunchmajor outlet2 facts
- TechCrunchmajor outlet1 fact
- Value Add Pulse researchValue 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.