Crusoe Raises $3.9B at $30.9B on Factory-Built AI Data Centers
TL;DR
- Crusoe raised $3.9B at a ~$30.9B post-money valuation, co-led by Atreides Management, Valor Equity Partners and Mubadala Capital.
- The round roughly triples the $10B post-money mark Crusoe hit in October 2025.
- Proceeds back a 352,000-sq-ft Colorado plant and a second 400,000-sq-ft Tulsa facility that opened September 14.
Data-center developer Crusoe raised $3.9 billion at a roughly $30.9 billion post-money valuation, in a round co-led by Atreides Management, Valor Equity Partners and Mubadala Capital, the Wall Street Journal reported. That is about triple the $10 billion mark the company hit in October 2025.
The capital funds a bet on factory-built AI sites. Crusoe's own newsroom describes its 352,000-square-foot plant in Brighton, Colorado as "dedicated to the production of Crusoe Spark", the company's modular AI factory, with the plant and its initial fleet of Spark units representing "more than $200 million".
Three days before the funding news, on September 14, the company opened its second Tulsa manufacturing facility, "adding 400,000 sq ft and 300+ local jobs" that produce the electrical guts of AI campuses: "medium-voltage switchgear, low-voltage switchboards, electrical enclosures, industrial controls, and custom-fabricated copper busbar".
Crusoe's customer roster includes Meta, Microsoft, OpenAI and Oracle. The company also recently signed a reported "$13 billion, five-year contract with quantitative trading firm Jane Street" to supply GPUs and AI infrastructure. It lands in the middle of a run of eye-popping capex numbers across our AI infrastructure coverage over the past ninety days.
Originally reported by wsj.com
Read the original article →Original headline: Crusoe Locks In $3.9B at $30.9B Post-Money as It Doubles Down on Factory-Built Data Centers