Data center developer Crusoe raised $3.9B co-led by Atreides, Valor, and Mubadala at a ~$30.9B post-money valuation, as it bets on factory-built data centers (Anissa Gardizy/Wall Street Journal)
ThinkingNews Desk · how this was written
Crusoe has secured $3.9 billion in new funding to expand its data-center operations. The capital will be used to construct large, factory-built facilities and smaller modular “AI factories.” The company plans to transport these data centers to sites with excess power, aiming to improve efficiency and reduce deployment time.
Written from all 3 reports below, not from any single one.
How it was reported
- TechMeme·Data center developer Crusoe raised $3.9B co-led by Atreides, Valor, and Mubadala at a ~$30.9B post-money valuation, as it bets on factory-built data centers (Anissa Gardizy/Wall Street Journal)
- The Next Web·Crusoe raises $3.9bn and starts trucking data centres to spare power
Crusoe raised $3.9 billion in a Series F funding round, achieving a $30.9 billion valuation to scale its modular "Spark" data centers. These transportable units utilize repurposed electric vehicle batteries and solar power to bypass traditional grid constraints. The company currently reports $140 billion in total contracted value and over 6GW of gross contracted capacity.
- TechCrunch·Crusoe raises $3.9B to build massive data centers and small modular “AI factories”
Crusoe raised $3.9 billion in a Series F round, valuing the company at $30.9 billion. Three new board members joined: Cloudflare CFO Thomas Seifert, Primary Digital Infrastructure partner Bill Stein, and Redwood Materials founder JB Straubel. The capital will fund existing data-center projects, including an OpenAI site in Abilene, Texas, and modular “Spark” AI factories that can be truck-transported and quickly deployed. Crusoe’s revenue streams include leasing space to GPU-owning customers, renting its own GPUs, and selling AI inference compute. It recently secured a $13 billion, five-year contract with Jane Street.
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