Crusoe Completes $3.9 Billion Series F Funding, Valuation Reaches $30.9 Billion

AI infrastructure startup Crusoe has completed a $3.9 billion Series F funding round, with a post-money valuation of approximately $30.9 billion. This round was co-led by Atreides Management, Valor Equity Partners, and Mubadala Investment Company, with participation from Founders Fund, TPG, and the Qatar Investment Authority. Founded in 2018, Crusoe initially provided services to cryptocurrency miners and has now shifted towards AI infrastructure. The company is building a large AI data center in Abilene, Texas, to provide computing power for OpenAI and Microsoft. Currently, Crusoe is transitioning to producing compact data centers named 'Spark', which load prefabricated facilities onto trucks and deploy them to locations with excess power to more quickly meet the demand for AI inference computing power.

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