AI compute company Crusoe completes $3.9 billion Series F funding, valuation reaches $30.9 billion

Odaily reports: AI compute infrastructure startup Crusoe has completed a $3.9 billion Series F funding round, with a post-money valuation of approximately $30.9 billion. The round was co-led by Atreides Management, Valor Equity Partners, and Mubadala Investment, with participation from Founders Fund, TPG, and the Qatar Investment Authority (QIA), among others.

Founded in 2018, Crusoe initially provided services for crypto miners before pivoting to AI compute infrastructure. The company previously spent two years building a large AI data center in Abilene, Texas, to provide compute for OpenAI and Microsoft. The company is now shifting toward producing a compact data center called "Spark," which loads prefabricated facilities onto trucks and deploys them to locations with idle power, in order to meet AI inference compute demand more quickly. (WSJ)