Summary:
Crusoe is raising $1.38 billion in Series E funding at a $10 billion valuation
The round is co-led by Valor Equity Partners and Mubadala Capital, with investors like Nvidia and Fidelity Management
Total funding since 2018 reaches $3.9 billion, highlighting strong investor confidence
Crusoe contributed to building OpenAI's first major U.S. data center
The 1.2 gigawatt data center in Abilene, Texas, is already live after just one year of construction
Crusoe's Massive Funding Round
AI data center startup Crusoe is raising $1.38 billion in its Series E funding round, valuing the company at approximately $10 billion. This oversubscribed round is co-led by Valor Equity Partners and Mubadala Capital, with major investors including Nvidia, Fidelity Management, and Founders Fund.
Key Milestones and Background
Since its inception in 2018, Crusoe has raised a total of about $3.9 billion. The company played a role in building OpenAI's first large data center in the United States. Recently, Crusoe announced that the first phase of its 1.2 gigawatt data center in Abilene, Texas, is now operational, having gone live just one year after construction began.
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