Robinhood Ventures Fund I Invests $25 Million in AI Infrastructure Company Crusoe

Odaily News: Robinhood Ventures Fund I (NYSE: RVI) announced that it purchased approximately $25 million in preferred shares in AI infrastructure company Crusoe's $3.9 billion Series F funding round. The round valued Crusoe at $30.9 billion, and the related transaction was completed on August 31.

Sarah Pinto, President of Robinhood Ventures Fund I, stated that Crusoe is building vertically integrated AI infrastructure, supporting AI computing through energy, AI data centers, and cloud platforms.