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Crusoe Closes $600M in Series D Round at $2.8 Billion Valuation to Power AI

Dec 12, 2024 - financialpost.com
Crusoe, a vertically integrated AI infrastructure provider, has closed a $600 million Series D funding round, reaching a valuation of $2.8 billion. The investment was led by Founders Fund with participation from Fidelity, NVIDIA, and others. The funding will support the expansion of Crusoe's AI cloud infrastructure, which focuses on using clean energy to power AI-optimized data centers. Crusoe aims to provide a cost-effective and environmentally friendly solution for AI infrastructure, with plans to expand its data centers and cloud platform, including a new facility in Abilene, Texas.

Crusoe has experienced significant growth, with a sevenfold increase in customer count over the past year and expanded operations in nine states and three countries. The company has strengthened partnerships with industry leaders like NVIDIA and Deloitte and has made strategic leadership appointments to scale its cloud platform. Crusoe's infrastructure supports AI and machine learning workloads, offering high-performance resources and enterprise-grade support. The company is committed to aligning the future of computing with climate sustainability, aiming to power the AI revolution with clean energy solutions.

Key takeaways:

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  • Crusoe has closed a $600 million Series D funding round, led by Founders Fund, with a valuation of $2.8 billion to support its AI infrastructure expansion.
  • The company is focused on providing AI infrastructure using clean energy and has announced the general availability of Crusoe Cloud for AI and ML workloads.
  • Crusoe's expansion includes a new data center in Abilene, Texas, which is expected to significantly impact the local economy and create over 800 jobs.
  • Crusoe has experienced significant growth, with a 7x increase in customer count and expansion into nine states and three countries, including Iceland.
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