FUNDING
Key Metrics
Total funding
$4.1B
As of Jul 31, 2026Value Add Pulse research
Company Snapshot
Crusoe is a AI infra company, based in Denver, United States, founded 2018 by Chase Lochmiller, Cully Cavness. Latest valuation $10B (As of Jul 31, 2026, Value Add Pulse research). Total funding $4.1B (As of Jul 31, 2026).
Recent changes
- Sep 3, 2026Sep 3, 2026Raised $3B Series F at a $30B valuation Bloomberg
- Sep 3, 2026Sep 3, 2026Raised $3B Growth at a $30B valuationRumored TechCrunch
- Sep 3, 2026Sep 3, 2026IPO $3B at $30B TechCrunch
- Sep 3, 2026Sep 3, 2026New investor: Mubadala CapitalRumored TechCrunch
- Sep 3, 2026Sep 3, 2026New investor: Valor Equity PartnersRumored TechCrunch
Earlier changes (8)
- Sep 3, 2026Sep 3, 2026New investor: Atreides ManagementRumored TechCrunch
- Sep 3, 2026Sep 3, 2026Crusoe Meets IPO Bankers Less Than a Year After $10B Pulse story
- Sep 3, 2026Sep 3, 2026Crusoe Reportedly Raises $3B at $30B Valuation Pulse story
- Sep 3, 2026Sep 3, 2026Crusoe Triples to $30B Valuation on $3B Series F Pulse story
- Jul 31, 2026Jul 31, 2026First reported total funding: $4.1B Value Add Pulse enrichment
- Jul 3, 2026Jul 3, 2026Crusoe in Talks to Raise $3B, Tripling Valuation to ~$30B Pulse story
- Oct 1, 2025Oct 1, 2025Raised $1.38B Growth at a $10B valuation TechCrunch
- Oct 1, 2025Oct 1, 2025First reported valuation: $10B TechCrunch
Funding History
4 events · sources dated per row| Date | Event | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Sep 3, 2026 | GrowthRumored | $3B | $30B | outlined = lead | TechCrunch |
| Sep 3, 2026 | ipo | $3B | $30B | Pulse story | |
| Sep 3, 2026 | Series F | $3B | $30B | outlined = lead | Pulse story |
| Oct 1, 2025 | Growth | $1.38B | $10B | TechCrunch |
Underlying values
| As of | Value | Method | Source |
|---|---|---|---|
| Jul 31, 2026 | $10B | Reported | Value Add Pulse research |
| Oct 1, 2025 | $10B | Reported | TechCrunch |
Investors
Latest Pulse
- Sep 6, 2026Why AI Compute Swallowed the Week's Venture DollarsCrusoe, Fluidstack and Gimlet Labs closed $4.8 billion between them in five days, and every dollar landed in the layer between the chips and the models rather than in the applications built on top.→
- Sep 4, 2026Why AI Infrastructure Beat AI Labs to the Public MarketsCrusoe is meeting IPO bankers and Oura just filed while OpenAI and Anthropic sit confidentially filed with no date -- I think that gap is permanent, and it tells you where the real underwriting risk in this cycle sits.→
- Sep 3, 2026Crusoe Triples to $30B Valuation on $3B Series FThe Denver AI data-center builder raised over $3 billion co-led by Atreides Management and Valor Equity Partners, tripling its valuation in ten months on the strength of a $13 billion Jane Street compute contract.→
- Sep 3, 2026Crusoe Meets IPO Bankers Less Than a Year After $10BCrusoe has met with Goldman Sachs, Morgan Stanley, JPMorgan and Bank of America about a near-term IPO, the same week it reportedly closed a $3 billion round at $30 billion -- an unusually fast run from markup to public talks.→
- Sep 3, 2026Crusoe Reportedly Raises $3B at $30B ValuationCrusoe, the AI data center developer that pivoted from flared-gas crypto mining, reportedly closed a $3 billion round at a $30 billion valuation, tripling its mark from October and setting up meetings with IPO bankers.→
- Jul 6, 2026Growth Capital's New Pecking Order: Power, Chips, Everything ElseThis year's largest checks -- Crusoe, National Grid-Joulent, a16z crypto -- keep going to physical infrastructure and scarce capacity, leaving application-layer software further down the pecking order.→
- Jul 5, 2026Why the Same Five Neoclouds Keep Landing MegaroundsBaseten, Together AI and Crusoe have each raised nine- or ten-figure rounds within the past year, showing AI infrastructure capital increasingly recycling into a small, familiar set of 'neocloud' names rather than funding new entrants.→
- Jul 4, 2026Why AI Infrastructure Megarounds Are Swallowing the Series B MarketA string of multi-billion-dollar AI infrastructure raises this year -- Crusoe, Together AI, Quantum Systems, National Grid's Joulent bet -- shows venture capital concentrating in physical AI infrastructure at the expense of traditional Series B-sized rounds.→
- Jul 3, 2026Crusoe in Talks to Raise $3B, Tripling Valuation to ~$30BAI data-center builder Crusoe is reportedly in talks to raise about $3 billion in a round that would roughly triple its valuation to around $30 billion, as demand for specialized AI compute keeps outpacing supply.→
Coverage Timeline
newest first- Sep 6, 2026FUNDINGWhy AI Compute Swallowed the Week's Venture Dollars$4.8B in five days→
- Sep 4, 2026IPOWhy AI Infrastructure Beat AI Labs to the Public Markets→
- Sep 3, 2026FUNDINGCrusoe Triples to $30B Valuation on $3B Series F$3B+ Series F→
- Sep 3, 2026IPOCrusoe Meets IPO Bankers Less Than a Year After $10B→
- Sep 3, 2026FUNDINGCrusoe Reportedly Raises $3B at $30B Valuation$3B round→
- Jul 6, 2026FUNDINGGrowth Capital's New Pecking Order: Power, Chips, Everything Else$3B+ infra rounds vs. flat Series A medians→
- Jul 5, 2026FUNDINGWhy the Same Five Neoclouds Keep Landing Megarounds$5.3B+ combined across 3 repeat raises→
- Jul 4, 2026FUNDINGWhy AI Infrastructure Megarounds Are Swallowing the Series B Market$6.75B+ in infra rounds in one week→
- Jul 3, 2026FUNDINGCrusoe in Talks to Raise $3B, Tripling Valuation to ~$30B$3B raise / ~$30B valuation→
All Coverage
FUNDING$4.8B in five days
Why AI Compute Swallowed the Week's Venture Dollars
Crusoe, Fluidstack and Gimlet Labs closed $4.8 billion between them in five days, and every dollar landed in the layer between the chips and the models rather than in the applications built on top.
DEEP DIVE
IPO
Why AI Infrastructure Beat AI Labs to the Public Markets
IPO
Why AI Infrastructure Beat AI Labs to the Public Markets
Crusoe is meeting IPO bankers and Oura just filed while OpenAI and Anthropic sit confidentially filed with no date -- I think that gap is permanent, and it tells you where the real underwriting risk in this cycle sits.
TRACE'S TAKE
FUNDING
Crusoe Triples to $30B Valuation on $3B Series F
FUNDING$3B+ Series F
Crusoe Triples to $30B Valuation on $3B Series F
The Denver AI data-center builder raised over $3 billion co-led by Atreides Management and Valor Equity Partners, tripling its valuation in ten months on the strength of a $13 billion Jane Street compute contract.
DEEP DIVE
IPO
Crusoe Meets IPO Bankers Less Than a Year After $10B
IPO
Crusoe Meets IPO Bankers Less Than a Year After $10B
Crusoe has met with Goldman Sachs, Morgan Stanley, JPMorgan and Bank of America about a near-term IPO, the same week it reportedly closed a $3 billion round at $30 billion -- an unusually fast run from markup to public talks.
DEEP DIVE
FUNDING
Crusoe Reportedly Raises $3B at $30B Valuation
FUNDING$3B round
Crusoe Reportedly Raises $3B at $30B Valuation
Crusoe, the AI data center developer that pivoted from flared-gas crypto mining, reportedly closed a $3 billion round at a $30 billion valuation, tripling its mark from October and setting up meetings with IPO bankers.
FOLLOW-UP
FUNDING
Growth Capital's New Pecking Order: Power, Chips, Everything Else
FUNDING$3B+ infra rounds vs. flat Series A medians
Growth Capital's New Pecking Order: Power, Chips, Everything Else
This year's largest checks -- Crusoe, National Grid-Joulent, a16z crypto -- keep going to physical infrastructure and scarce capacity, leaving application-layer software further down the pecking order.
FUNDING
Why the Same Five Neoclouds Keep Landing Megarounds
FUNDING$5.3B+ combined across 3 repeat raises
Why the Same Five Neoclouds Keep Landing Megarounds
Baseten, Together AI and Crusoe have each raised nine- or ten-figure rounds within the past year, showing AI infrastructure capital increasingly recycling into a small, familiar set of 'neocloud' names rather than funding new entrants.
FUNDING
Why AI Infrastructure Megarounds Are Swallowing the Series B Market
FUNDING$6.75B+ in infra rounds in one week
Why AI Infrastructure Megarounds Are Swallowing the Series B Market
A string of multi-billion-dollar AI infrastructure raises this year -- Crusoe, Together AI, Quantum Systems, National Grid's Joulent bet -- shows venture capital concentrating in physical AI infrastructure at the expense of traditional Series B-sized rounds.
FUNDING
Crusoe in Talks to Raise $3B, Tripling Valuation to ~$30B
FUNDING$3B raise / ~$30B valuation
Crusoe in Talks to Raise $3B, Tripling Valuation to ~$30B
AI data-center builder Crusoe is reportedly in talks to raise about $3 billion in a round that would roughly triple its valuation to around $30 billion, as demand for specialized AI compute keeps outpacing supply.
Value Add Research
Related Companies
Sources & methodologyshow
Where these figures come from
- TechCrunchmajor outlet2 facts
- Bloombergmajor outlet1 fact
- TechCrunchmajor outlet1 fact
- Value Add Pulse researchValue Add VC data2 facts
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.