Crusoe raises $3.9B Series F at $30.9B valuation for vertically-integrated AI infrastructure
nathanbenaich · x · 2026-09-18
Crusoe, a vertically-integrated AI infrastructure provider, announced the initial closing of a $3.9 billion Series F at a $30.9 billion post-money valuation. The oversubscribed round was co-led by Atreides Management, Mubadala Capital, and Valor Equity Partners, with participation from Founders Fund, GIC, NVIDIA, QIA, Radical Ventures, and TPG.
Key facts:
- The company reports over $140 billion in total contracted value across its platform
- Capital will expand its AI factories, from large vertically-integrated campuses to modular Crusoe Spark units
- Strategy spans the full chain "from electrons to tokens," fueling Crusoe Cloud growth
- CEO Chase Lochmiller frames AI as ushering in an era of abundance, requiring full-stack infrastructure control
Related event: Crusoe Raises $3.9B at $30.9B Valuation to Build AI Infrastructure(2 posts)→
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