AI-focused data center startup Crusoe raises $600M at $2.8B valuation - SiliconANGLE
Dec 12, 2024 - siliconangle.com
Crusoe Energy Systems LLC, a startup focused on building data centers for AI workloads, has raised $600 million in a Series D funding round, valuing the company at $2.8 billion. The round was led by Founders Fund with participation from Nvidia, Fidelity, and others. Originally providing containerized data centers to oil wells using natural gas for bitcoin mining, Crusoe has shifted its focus to AI and high-performance computing. The company aims to offer cost-effective, environmentally friendly AI infrastructure. Recently, Crusoe launched a $3.4 billion joint venture to build a massive data center facility in Texas, capable of housing up to 100,000 GPUs.
Additionally, Crusoe announced the availability of Crusoe Cloud, a platform for AI and machine learning workloads, and expanded collaborations with companies like Nvidia and Deloitte. Operating in nine U.S. states and three countries, including Iceland, Crusoe plans to use the new funding to build more data centers powered by clean energy, with over 15 gigawatts in development.
Key takeaways:
Crusoe Energy Systems LLC has raised $600 million in a Series D funding round, valuing the company at $2.8 billion, to expand its AI-focused data center infrastructure.
The funding round was led by Founders Fund with participation from Nvidia, Fidelity, and other investors.
Crusoe is constructing a large data center facility in Abilene, Texas, capable of supporting over 1.2 gigawatts of energy and housing up to 100,000 GPUs.
The company has launched Crusoe Cloud, a high-performance cloud platform for AI and machine learning workloads, and plans to build more data centers using clean energy.
