Crusoe, a San Francisco, CA-based vertically integrated AI infrastructure provider, raised $600M in Series D funding, at $2.8 Billion valuation.
The round was led by Founders Fund, with participation from new and existing investors, including Fidelity, Long Journey Ventures, Mubadala, NVIDIA, Ribbit Capital, and Valor Equity Partners.
The company intends to use the funds to invest in expansion and growth across the value chain, including its data centers and Crusoe Cloud.
Led by CEO Chase Lochmiller, Crusoe provides an environmentally aligned solution for AI infrastructure which leverages large-scale clean energy and AI-optimized data centers to provide builders with a feature-rich development platform. In addition to funding, the company announced the general availability of Crusoe Cloud, a cloud platform used for AI and machine learning (ML) workloads. Developers and data scientists can access Crusoe Cloud’s resources, managed services, and enterprise-grade support for AI exploration, model training, fine-tuning, and scalable inference workloads.
With the latest fundraise, Crusoe will invest in expansion and growth across the value chain, including its data centers and Crusoe Cloud. The company focuses on utilizing clean, abundant, and low-cost energy to power its computing resources and has over 15 gigawatts in development. Crusoe recently announced a new data center in Abilene, Texas with over 1.2 gigawatts planned. With more data centers planned, the company will expand into new markets and support job creation and resources for local communities.
FinSMEs
12/12/2024