AI data center startup Crusoe is currently engaged in discussions for a fresh round of funding, with the total amount sought reaching approximately $3 billion. Should this funding round materialize, Crusoe's valuation could potentially triple, soaring to around $30 billion post-investment. At present, the funding process is in full swing, with the final valuation still pending determination.
Crusoe has already established contracts with renowned companies like Meta and Oracle, aiming to supply them with AI computing power. In June, Crusoe made an announcement revealing that it had secured contracts for a computing capacity of 4.9 gigawatts, with ongoing projects collectively surpassing 40 gigawatts.
A notable development is that Meta will procure computing capacity from Crusoe for two data centers situated in Childress, Texas, and Warrenton, Missouri. Established in 2018, Crusoe initially catered to cryptocurrency companies. However, it has since pivoted to become an AI infrastructure construction enterprise, emerging as one of the 'new cloud' companies that specialize in providing AI cloud and data center services.
Last year, Crusoe successfully raised $1.38 billion in its Series E funding round, achieving a valuation that exceeded $10 billion. This round was jointly led by Valor Equity Partners and Mubadala Capital, reflecting the strong confidence and support from prominent investors in Crusoe's vision and potential.
