Crusoe raises $3.9B to build massive data centers and small modular ‘AI factories’

Crusoe raises $3.9B to build massive data centers and small modular ‘AI factories’

Data center developer Crusoe closed a $3.9B Series F at a $30.9B valuation. The round was co-led by Atreides Management, Mubadala Capital, and Valor Equity Partners, with Founders Fund, GIC, Nvidia, QIA, Radical Ventures, and TPG also participating. Crusoe will use the capital for large-scale data centers and smaller modular 'AI factories.' It also added three board members, including Cloudflare CFO Thomas Seifert. The post does not disclose specs or timelines for the AI factories.