Crusoe Raises Over $3 Billion in Round Valuing It at $30 Billion

Crusoe, a company specializing in building AI data centers, announced the completion of a funding round exceeding $3 billion, valuing it at $30 billion, according to Bloomberg on September 3, 2026.

This round, known as Series F, tripled Crusoe's valuation compared to its previous $10 billion valuation in its Series E round, cementing its position as one of the leading AI infrastructure companies in the United States.

Crusoe works on building massive data centers equipped with specialized processors to train and run large AI models, and has partnered with major tech companies to supply them with the necessary computing power.

Crusoe's total funding since its inception has reached over $4 billion, making it one of the most well-funded AI infrastructure companies in a sector experiencing unprecedented competition. The company is preparing for an initial public offering in the near future.

What do these terms mean?

Series F: An advanced stage of private funding preceding a public offering, utilized by mature companies to raise large amounts before listing their shares.

Valuation: The estimated value of the company agreed upon by investors and company management during a funding round, reflecting a perception of future potential rather than actual profits.

Data Centers: Massive buildings housing thousands of specialized processors that run and train large AI models, serving as the backbone of the current AI revolution.