Crusoe raises $3B at $30B valuation, tripling in under a year on Jane Street deal
创业邦 · wechat · 2026-09-08
AI data center developer Crusoe raised over $3 billion at a $30 billion post-money valuation on September 3 — up from $10 billion at its Series E less than a year earlier. Its clients include OpenAI, Microsoft, Meta and Oracle, with quantitative trading giant Jane Street's five-year $13 billion cloud agreement acting as the biggest catalyst for the round.
Founded in 2018 by Chase Lochmiller (ex-Polychain Capital partner) and Cully Cavness, the company began by trucking power generators and mining rigs to oil wells to monetize flared natural gas for Bitcoin mining; seven years later, the customer is OpenAI. The thesis: AI compute ultimately comes down to electricity.
Related event: AI data center firm Crusoe valued at $30 billion after $3 billion raise(2 posts)→
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